Bank of America Corp (NYSE: BAC) on Tuesday reported better-than-expected earnings for its third quarter.
The bank said EPS for the quarter was $0.90, compared to $0.81 in the year-ago period, beating the consensus of $0.81. Revenue increased 3% year-over-year to $25.32 billion, beating the consensus of $25.14 billion.
With the buzz around Bank of America following upbeat earnings, some investors may be eyeing potential gains from the company’s dividends too. As of now, Bank of America offers an annual dividend yield of 3.48%, which is a quarterly dividend amount of 24 cents per share (96 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To ...