Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020.
Brendan McDermid | Reuters
Picking stocks with the highest dividend yield was the best strategy last decade, according to Bank of America.
But don’t expect that same strategy to work again this decade.
Stocks with the highest dividend yields quadrupled in value over the last decade, outpacing an equal-weighted S&P 500 by 120%, according to a Bank of America note published Monday. The trailing 10-year performance of stocks with the biggest dividend yields ended last year at its highest level since 2001, according to Bank of America. The firm divided up the S&P 500 into deciles by factors to…