Warren Buffett’s Dividend Stocks Include Procter & Gamble

Page 1 of 2

Warren Buffett of Berkshire Hathaway is recognized as one of the greatest long-term investors of all time. In mid February Berkshire filed its 13F for the fourth quarter of 2012, disclosing many of its long equity positions as of the end of December; since Buffett tends to invest long term the holding company probably still owns most of these stocks. 13Fs can also be used to develop investment strategies; we have found that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year and other techniques are likely possible as well. We went through Berkshire’s most recent 13F looking for stocks Warren Buffett likes which also pay high dividends (check out the full list of stocks Berkshire reported owning). Here are five stocks which Berkshire had over $75 million invested in at the end of December and which currently pay a dividend yield of at least 3%:

The Procter & Gamble Company (NYSE:PG) pays a 3% yield and Berkshire reported a position of almost 53 million shares in the megacap personal products company in its filing. With most of its products being consumer staples, Procter & Gamble’s beta is only 0.3; considering its large market cap it’s therefore a good prospect for income or defensive investors, though sales growth has been low as would be expected. Billionaire Bill Ackman’s Pershing Square was another major Procter & Gamble shareholder, owning nearly 28 million shares at the end of December (see more of Ackman’s long stock picks).

Warren BuffettBuffett had 24 million shares of ConocoPhillips (NYSE:COP) in his portfolio at the end of 2012. Like many oil majors, the earnings multiples for ConocoPhillips are fairly low- less than 10 for both trailing and forward P/Es. A 26% decline in the stock price in the last year has contributed to boosting the stock’s dividend yield above 4%, though of course the company is exposed to commodity prices. Yacktman Asset Management, managed by Donald Yacktman, reported a position of 6.6 million shares in ConocoPhillips, which was essentially unchanged from three months earlier.

Find three more income stocks Buffett owned:

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!