Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America.
There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report.
Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income.
Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers.
The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.
Persons:
Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph
Organizations:
Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi
Locations:
West, Midwest, Southwest, Hanover , Pennsylvania, comps