Bank of America's (BAC) Strong Balance Sheet and its Importance for Cheap Quarterly Dividend Stocks

Bank of America Corporation (NYSE:BAC) is included among the 11 Cheap Quarterly Dividend Stocks to Buy Right Now.

Bank of America Corporation (NYSE:BAC) is one of the largest consumer banks in the US, with a broad presence across commercial and investment banking, wealth management, and global markets. Its operations include retail branches, digital platforms, credit cards, lending services, and securities trading, serving both individual customers and large corporations.

Bank of America Corporation (NYSE:BAC)’s strategy emphasizes strict regulatory compliance, advanced technology adoption, effective risk management, and strong human capital to deliver client service and oversee operations. Its growth relies on building deeper client relationships, expanding digital engagement, and maintaining a balance between profitability and risk management. Consistent revenue generation and solid capital ratios remain essential, particularly as the bank navigates complex regulations and rising competition from both traditional institutions and fintech challengers.

Warren Buffett’s favorite, Bank of America Corporation (NYSE:BAC) has been increasing its dividends for the past 11 consecutive years. The company’s quarterly dividend comes in at $0.28 per share and has a dividend yield of 2.17%, as of September 23.

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.

READ NEXT: 10 Safest Monthly Dividend Stocks to Buy and Dividend Stock Portfolio For Retirement: 10 Stocks to Buy

Disclosure: None.