5 Best Long Term Dividend Stocks to Buy Now

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 100

Dividend Yield as of 3/22: 3.18%

Bank of America Corporation (NYSE:BAC) is the second largest U.S. bank by assets that Barron’s describes, “Bank of America is sitting on the largest losses among the country’s biggest banks in a key portion of its bond portfolio. Bank of America (ticker: BAC), like other banks, invests in Treasury securities and mortgage-backed securities in addition to making loans. Banks have seen the value of those bond portfolios decline in value as interest rates have risen since the start of 2022.” If interest rates don’t rise that much further, Bank of America Corporation (NYSE:BAC) may not that much of a problem, especially since it so big, systemically important, and also has other businesses such as a leading investment bank that also generates income. Nevertheless, Bank of America Corporation (NYSE:BAC) could have near term downside if the financial sector faces more headwinds. As of 3/22, Bank of America Corporation (NYSE:BAC) has a dividend yield of 3.18%.