Bank of America Corporation's (BAC) Dividend Strength: A Reliable Pick in Dividend Stocks to Buy Under $100

Bank of America Corporation (NYSE:BAC) is included among the 13 Best High Dividend Stocks to Buy Under $100.

Bank of America Corporation (NYSE:BAC) ranks among the largest financial institutions globally, with operations spanning the US and more than 35 international markets. Its stock has delivered impressive results, climbing nearly 107% over the past five years. According to analysts, the bank could carry that momentum into the next five years, largely driven by one key growth engine: its consumer investment business.

This segment covers brokerage accounts, wealth management, and financial advisory services. In the fourth quarter of 2024, Bank of America Corporation (NYSE:BAC)’s consumer investment assets surpassed $500 billion for the first time in its history.

Management highlighted that these assets have doubled roughly every five years, and the bank anticipates reaching $1 trillion over the next five years. By the second quarter of 2025, assets had already risen to about $540 billion, marking a 13% year-over-year increase.

In addition to this, Bank of America Corporation (NYSE:BAC) is a solid dividend company, having raised its payouts for 11 consecutive years. Currently, the company offers a quarterly dividend of $0.28 per share and has a dividend yield of 2.15%, as of September 18.

While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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