Bank of America: How I Double The Average Dividend Yield
Bank of America reported strong Q1 earnings with a 12% quarter-over-quarter increase in net income and solid dividend coverage. The article highlights the appeal of the company's preferred shares, particularly BAC.PR.L, which offer a 5.9% dividend yield. These shares are presented as a way to achieve a higher yield compared to common shares.
- ▪Bank of America's net income rose 12% quarter-over-quarter in Q1.
- ▪The preferred shares BAC.PR.L offer a 5.9% dividend yield.
- ▪Preferred shares are highlighted as having strong dividend coverage and potential for capital appreciation.
- ▪The article compares the benefits of preferred shares versus common shares for income investors.
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