5 Cheap Quarterly Dividend Stocks to Buy

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 100

Dividend Yield as of 3/29: 3.07%

Bank of America Corporation (NYSE:BAC) is one of the largest banks in the United States that has a forward P/E ratio of 7.87 as of March 30. One reason for the low valuation is that Bank of America Corporation (NYSE:BAC) has “$109 billion of unrealized losses in the held-to-maturity bond portfolio” according to Barron’s. In the long term, however, Bank of America Corporation (NYSE:BAC) is likely cheap given its normalized earnings power and growth potential if it can maintain its market share.