Bank of America Corporation (BAC) ranks 6th in best long-term dividend stocks for billionaires.

From Yahoo Finance: 2025-04-18 10:30:00

Bank of America Corporation (BAC) is compared to other top long-term stocks in a recent article. Dividend stocks are regaining momentum, with the Dividend Aristocrats Index showing a drop of nearly 2% since 2025, while the broader market fell by almost 8%. The index suggests a growing number of companies are initiating dividend policies.

Ramona Persaud, a portfolio manager, emphasizes the strength of dividend-paying stocks in reducing risk while maintaining growth potential. She looks for high-quality companies with solid dividends and reasonable pricing. Falling interest rates can benefit dividend stocks, making their yields more appealing compared to bonds. Lower rates may broaden market gains.

Bank of America Corporation (BAC) is a multinational bank and financial services provider, offering a range of financial products to a diverse client base. The stock has seen a 6% surge in the past year. BAC reported strong earnings in Q1 of 2025, with revenue reaching $27.4 billion, a 6% increase from the previous year. The company’s balance sheet remains stable.

BAC has raised its dividends for 11 consecutive years and paid regular dividends for 27 years. With a quarterly dividend of $0.26 per share and a yield of 2.74% as of April 15, BAC is a solid dividend payer. The company returned $6.5 billion to shareholders in the last quarter. BAC ranks 6th on the list of best long-term dividend stocks according to billionaires.

To compile the list of top long-term stocks, Insider Monkey screened for dividend stocks with strong financials and solid dividend policies. The final selection included 10 companies favored by billionaire investors. The newsletter’s strategy selects stocks based on hedge fund activity, outperforming the market by 373.4% since May 2014. BAC is one of the stock picks with 18 billionaire holders.

Read more: Is Bank of America Corporation (BAC) the Best Long Term Stock to Buy According to Billionaires?