Here Are Warren Buffett's 10 Best Dividend Stocks (6-10)
6. $The Kraft Heinz (KHC.US)$ : $521,015,709
Even though it's been one of Warren Buffett's worst investments, packaged foods company Kraft Heinz (NASDAQ: KHC) is one of Berkshire's passive income superstars with a 4.1% yield.
Even though it's been one of Warren Buffett's worst investments, packaged foods company Kraft Heinz (NASDAQ: KHC) is one of Berkshire's passive income superstars with a 4.1% yield.
7. $American Express (AXP.US)$ : $315,350,256
If not for Coca-Cola, credit services company American Express (NYSE: AXP) would be Buffett's longest-held stock. A continuous holding since 1993, AmEx is on pace to generate more than $315 million in passive income for the Oracle of Omaha over the next 12 months.
If not for Coca-Cola, credit services company American Express (NYSE: AXP) would be Buffett's longest-held stock. A continuous holding since 1993, AmEx is on pace to generate more than $315 million in passive income for the Oracle of Omaha over the next 12 months.
8. $U.S. Bancorp (USB.US)$ : $265,045,247
Have I mentioned that Buffett loves bank stocks? Regional bank U.S. Bancorp, the parent of U.S. Bank, is another favorite that's set to bring in around $265 million in annual dividend income.
Have I mentioned that Buffett loves bank stocks? Regional bank U.S. Bancorp, the parent of U.S. Bank, is another favorite that's set to bring in around $265 million in annual dividend income.
9. $Citigroup (C.US)$: $112,699,386
Yet another money-center bank that'll be piling on the passive income for Warren Buffett's company over the next year is Citigroup. $Berkshire Hathaway-B (BRK.B.US)$ $Berkshire Hathaway-A (BRK.A.US)$ purchased more than 55 million shares of Citi in the first quarter, which should translate into north of $112 million in annual dividend income.
Yet another money-center bank that'll be piling on the passive income for Warren Buffett's company over the next year is Citigroup. $Berkshire Hathaway-B (BRK.B.US)$ $Berkshire Hathaway-A (BRK.A.US)$ purchased more than 55 million shares of Citi in the first quarter, which should translate into north of $112 million in annual dividend income.
10. $Bank of New York Mellon (BK.US)$ : $101,111,735
Finally, America's largest custodial bank, Bank of New York Mellon, rounds out Buffett's 10 best dividend stocks. Perhaps the biggest catalyst for Bank of NY Mellon is the Federal Reserve's shift to hawkish monetary policy. Higher interest rates should allow the company to recognize a significant boost in net interest revenue. For context, first quarter net interest revenue rose 7% from the prior-year period, and the Fed has only recently shifted its policy stance. With multiple 50-basis-point rate hikes expected, BNY Mellon could see healthy top-and-bottom-line expansion.
Finally, America's largest custodial bank, Bank of New York Mellon, rounds out Buffett's 10 best dividend stocks. Perhaps the biggest catalyst for Bank of NY Mellon is the Federal Reserve's shift to hawkish monetary policy. Higher interest rates should allow the company to recognize a significant boost in net interest revenue. For context, first quarter net interest revenue rose 7% from the prior-year period, and the Fed has only recently shifted its policy stance. With multiple 50-basis-point rate hikes expected, BNY Mellon could see healthy top-and-bottom-line expansion.
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LamiBang : Blue chip dividend stocks are absolutely the key to long term financial freedom and overall investment success. Some stocks may be pricey sure, but these companies have been around forever, show continual growth and aren’t going anywhere. All the while, raising their dividend percentages steadily yoy
Buffettttttt OP LamiBang : agree