5 Best Dividend Stocks to Buy According to Warren Buffett

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This article presents an overview of the 5 Best Dividend Stocks to Buy According to Warren Buffett. For a detailed overview of such stocks, read our article, 15 Best Dividend Stocks to Buy According to Warren Buffett.

5. Chevron Corp (NYSE:CVX)

Warren Buffett’s Stake: $18,808,080,506

Chevron Corp (NYSE:CVX) ranks fifth in our list of the best dividend stocks to buy according to Warren Buffett. Chevron Corp (NYSE:CVX) has a whopping 37 years of consistent dividend increases under its belt. Warren Buffett owns a $19 billion stake in Chevron Corp (NYSE:CVX).

The London Company Large Cap Strategy stated the following regarding Chevron Corporation (NYSE:CVX) in its fourth quarter 2023 investor letter:

“Chevron Corporation (NYSE:CVX) – CVX underperformed during 4Q as oil prices fell, 3Q results missed expectations, and CVX negatively adjusted 2024-2025 cash flow guidance for its key asset in Kazakhstan. It is also notable that CVX announced a deal to acquire Hess Corp in a stock-for-stock transaction. While we generally do not maintain a high degree of exposure to pure commodity businesses, we continue to view CVX favorably for its conservative balance sheet, focus on returns, and commitment to the dividend.”

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