Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Bank of America Stock
Bank of America(BAC) The Motley Fool·2024-06-17 09:23
The yield isn't tremendous, but its dividends are paid -- and raised -- like clockwork.Are you looking for a particular amount of recurring dividend income? Maybe you've got ongoing bills to pay from your retirement savings? Whatever the case, Bank of America (BAC -0.05%) is a compelling way to generate reliable cash flow from your investments.Bank of America stock's dividend-paying potentialBofA stock currently boasts a dividend yield of just under 2.5%. If you needed $1,000 worth of annual dividend income ...