Bank of America Corporation (NYSE:BAC) is recognized as one of the 13 Best Consistent Dividend Stocks to Buy Now. The company’s diverse operations in banking, capital markets, and wealth management help balance performance. In Q2, BAC reported $7.1 billion in net income and returned $5.3 billion through share buybacks and $2 billion in dividends, boasting a dividend yield of 2.21%.

Looking ahead, Bank of America Corporation (NYSE:BAC) has authorized up to $40 billion in share buybacks and has increased its dividend by 460% over the past ten years. The company offers a quarterly dividend of $0.28 per share and has consistently grown its payouts for 11 consecutive years. However, some believe that certain AI stocks may offer greater upside potential with less downside risk.

Investors interested in dividend stocks can explore options like the 10 Best Dividend Stocks to Buy for Retirement and the 10 Best Strong Buy Dividend Stocks to Invest in Now. Disclosure: None.

Read more at Yahoo Finance: Bank of America (BAC)’s Path to Consistent Dividends