5 Dividend Stocks Warren Buffett Likes The Most

2. Bank of America (NYSE: BAC)

Bank of America (NYSE: BAC) has been in the list of Warren Buffett’s most favorite dividend stocks over the years. The firm has increased its stake in Bank of America by 9% during the September quarter to 10.65% of the overall portfolio, representing the second-largest holding after Apple. Warren Buffett is Bank of America’s biggest shareholder.

Berkshire Hathaway currently holds 1.01 billion shares of Bank of America valued above $24 billion. Berkshire has first created a position in Bank of America during the 2011 financial crisis. Bank of America offers a quarterly dividend of $0.18 per share, yielding around 2.49%. Shares of Bank of America underperformed this year due to pandemic related challenges.