Bank of America sees opportunity in dividend stocks. Here are a few names it's highlighting

Select dividend stocks could help boost investors' portfolio returns as the U.S. economy continues to improve, according to Bank of America. The bank's U.S. regime indicator showed improvement for the second month in February, confirming the economy is in a recovery phase, equity and quant strategist Savita Subramanian wrote in a note last week. During this phase, which has lasted eight months on average in the past, dividend-paying stocks are among those that have fared well, she said.

mountain Fifth Third Bancorp one-year performance Fifth Third Bancorp has an average analyst rating of overweight and an average price target of $39.09, suggesting about 7% upside, according to FactSet. Shares are up more than 5% year to date. Lastly, Essex Property and Park Hotels & Resorts are two real estate investment trusts on the list. Essex Property has a 4.1% dividend yield and is down 2.7% year to date. It has an average rating of hold.

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