2 Warren Buffett Dividend Stocks to Buy in 2024 and Hold Forever

Buffett's own company doesn't pay a dividend, but the Oracle of Omaha is undoubtedly one of history's best passive-income investors. Incredibly, the Oracle of Omaha's investment conglomerate is on track to earn more than $6 billion over the next year just for sleeping on the stocks already in its portfolio. With that astounding level of passive income generation in mind, read on to see why two Fool.com contributors think that investors can score wins by adding these Buffett-backed dividend stocks to their own portfolios.

It's exceptionally rare that Buffett's company completely closes out a holding only to make another big bet on the same stock shortly after. As rare as it is, that's exactly what happened with Bank of America (BAC) stock. But Buffett set up a deal to make a big investment in the stock in 2011. Berkshire wound up purchasing $5 billion worth of the bank's preferred shares, and it also secured the rights to purchase 700 million shares of Bank of America stock at a price of $7.14 per share. Buffett's company wound up exercising the stock warrants in June 2017 and scoring massive profits on the deal. Warren Buffett has several excellent dividend stocks in the Berkshire Hathaway portfolio. One of my favorites right now is Coca-Cola (KO -0.68%). The beverage giant has roughly a century of history serving customers tasty drinks they have grown to love. That trust and brand loyalty could keep Coca-Cola around for yet another century or maybe more.

Source: Motley Fool

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