Dividends4Life: Buffett's Best Dividend Stock

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Buffett's Best Dividend Stock

Posted by D4L | Sunday, September 02, 2012 | | 0 comments »

Dividend stocks remain some of the most popular investments out there for buy-and-hold investors. And few income-oriented icons are more closely watched than Warren Buffett.
At least, Buffett and Berkshire Hathaway(BRK.B_) used to seem like they were big on dividends. The most notable changes in Berkshire's August filing included the end of a big dividend payer -- Intel(INTC_) dropped off Buffett's holdings altogether -- and some interesting new plays and increased positions, with many of those investments not paying a penny in distributions.

Buffett & Co. haven't given up on dividends altogether. There are a number of big payers -- yielding more than 3% -- worth noting. The biggest sector for dividends in the Buffett portfolio is health care, and the biggest single stock is U.K. drugmaker GlaxoSmithKline(GSK). GSK isn't as consistent as domestic pharmaceuticals when it comes to distributions -- the past four quarterly payouts range between 52 cents and 82 cents a share. But add up the past four consecutive payments, and you get about $2.43 annually for a hefty 5.2% yield.

Source: TheStreet

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