5 Cheap DRIP Stocks To Buy Now

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In this article, we discuss 5 cheap DRIP stocks to buy now. If you want to read our detailed analysis of dividend reinvestment plans and the performance of dividend stocks in the past, go directly to read 14 Cheap DRIP Stocks To Buy Now

5. Bank of America Corporation (NYSE:BAC)

P/E Ratio as of December 21: 9.28
Share Price as of December 21: $33.10

Bank of America Corporation (NYSE:BAC) is one of the largest financial institutions in the US, offering a wide range of banking and financial services to individual consumers, small businesses, corporations, and institutional clients. The company’s quarterly dividend stands at $0.24 per share for a dividend yield of 2.89%, as of December 21. It is one of the best DRIP stocks to own as the company has been paying regular dividends to shareholders for the past 24 years.

According to Insider Monkey’s database of Q3 2023, 88 hedge funds owned stakes in Bank of America Corporation (NYSE:BAC), compared with 90 in the previous quarter. These stakes are collectively valued at over $31.3 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q3.

Follow Bank Of America Corp (NYSE:BAC)


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