Warren Buffett Will Make Over $1.33 Billion This Year From Investing in These 2 High-Yielding Dividend Stocks
Warren Buffett and his company, Berkshire Hathaway, have never paid a dividend, primarily because Buffett has always believed that he could deploy capital in a more rewarding manner for shareholders. Over six decades, the Oracle of Omaha has proven that thesis. But that doesn't mean Buffett and his team of investors don't like investing in stocks that pay dividends. After all, what's better than knowing that every year, your investments will generate passive income even if their stock doesn't always perform as well as expected? This year, Buffett and Berkshire will collect over $1.3 billion in passive income from their investments in these two stocks.Buffett and Berkshire have shown a keen interest in U.S. domestic oil and energy producers in recent years, and even though the price of oil per barrel has remained subdued, Buffett clearly believes that oil and gas will continue to be in demand and that prices will eventually rise. This thesis has led Berkshire to purchase over 118.6 million shares of Chevron (NYSE: CVX), which consumed slightly under 6% of Berkshire's portfolio at the end of the first quarter of the year. That also makes Chevron Berkshire's fifth largest equity holding.Image source: Motley Fool.Continue reading
Warren Buffett and his company, Berkshire Hathaway, have never paid a dividend, primarily because Buffett has always believed that he could deploy capital in a more rewarding manner for shareholders. Over six decades, the Oracle of Omaha has proven that thesis. But that doesn't mean Buffett and his team of investors don't like investing in stocks that pay dividends. After all, what's better than knowing that every year, your investments will generate passive income even if their stock doesn't always perform as well as expected? This year, Buffett and Berkshire will collect over $1.3 billion in passive income from their investments in these two stocks.
Buffett and Berkshire have shown a keen interest in U.S. domestic oil and energy producers in recent years, and even though the price of oil per barrel has remained subdued, Buffett clearly believes that oil and gas will continue to be in demand and that prices will eventually rise. This thesis has led Berkshire to purchase over 118.6 million shares of Chevron (NYSE: CVX), which consumed slightly under 6% of Berkshire's portfolio at the end of the first quarter of the year. That also makes Chevron Berkshire's fifth largest equity holding.
Image source: Motley Fool.
