Key Takeaways Warren Buffett's Berkshire Hathaway sold off more of its stake in Bank of America, and no longer will have to report that information in a timely manner.Berkshire sold 9.5 million shares over three days at an average price of around $40.

Berkshire Hathaway sold 9.5 million shares of Bank of America stock in recent days for about $382 million and now holds a 10% stake in the banking company after substantially reducing its interest since mid July,

Bank of America Corporation (NYSE:BAC) currently offers an annual dividend yield of 2.6%. That’s a quarterly dividend amount of 26 cents per share ($1.04 a year). To earn $500 monthly from the Charlotte,