5 Best Dividend Stocks to Buy According to Warren Buffett

4. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Stake Value: $21,016,276,000
Dividend Yield as of October 17: 1.47%

American Express Company (NYSE:AXP) is a New York-based credit card services company that issues personal, small business, and corporate credit cards. Warren Buffett has been investing in the company for over 25 years and his total unrealized gain on the stock amounted to over $26 billion. In Q2 2022, Berkshire Hathaway owned over 151.6 million AXP shares, worth over $21 billion. The company accounted for 7% of Warren Buffett’s portfolio.

American Express Company (NYSE:AXP) is one of the best dividend stocks in Buffett’s portfolio as the company has been paying dividends to shareholders consistently for the past 30 years. It currently offers $0.52 per share in the quarterly dividend, with a dividend yield of 1.47%, as of October 17.

At the end of June 2022, 67 hedge funds tracked by Insider Monkey owned stakes in American Express Company (NYSE:AXP), down from 69 a quarter earlier.