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How To Earn $500 A Month From Bank of America Stock Following Upbeat Q1 Earnings

Bank of America Corp (NYSE:BAC) reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents. Revenue, net of interest expense, decreased 2% year over year to $25.8 billion. Adjusted revenue declined 1.6% year over year to $25.98 billion, beating the consensus of $25.46 billion, according to data from Benzinga Pro. On April 25, Bank of America declared a regular quarterly cash dividend of 24 cents per share, payable on June 28 to shareholders of record as of June 7. With the recent buzz around Bank of America, some investors may be eyeing potential gains from the company's dividends. As of now, Bank of America has a dividend yield of 2.68%, ...