Actions speak louder than words, the actual investments that Berkshire Hathaway owns are perhaps the best indicator of which areas of the market Buffett favors. Not surprisingly, as Buffett is a believer in cash flow, many of his top holdings pay significant dividends. If you’re looking for an income-generating investment yourself, here’s a list of some of Berkshire Hathaway’s biggest dividend-paying holdings that you might want to consider.
If you’re a believer in Buffett, you absolutely must own Apple (AAPL). At the 2023 Berkshire Hathaway annual meeting, Buffet said Apple is better than any other company he owns and that he’s happy with every additional share he acquires. Chevron (CVX), one of Berkshire Hathaway’s largest holdings, pays a fat dividend of $6.04 per share, for a yield of 3.78%. Bank of America (BAC) occupies the second-largest position in the Berkshire Hathaway portfolio, at 8.1%. Analysts like Coca-Cola (KO) almost as much as Buffett does, with a consensus strong buy rating and an average 12-month price target of $70.25, about 17% above current levels. But the company also sports a healthy 3.07% dividend yield, paying out $1.84 per share annually. American Express (AXP) fits in with the Buffett philosophy of “simple” quality companies that are well run and have loyal followers. In fact, the Oracle of Omaha is so enamored of American Express that Berkshire Hathaway owns a whopping 20.4% of the company.
Source: NASDAQ
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