5 Dividend Stocks Warren Buffett is Backing in 2022

In this article we will be taking a look at 5 dividend stocks Warren Buffett is backing in 2022. To read our detailed analysis of Buffett’s investment portfolio, you can go directly to see the 10 Dividend Stocks Warren Buffett is Backing in 2022.

5. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 70

Dividend Yield: 3%

The Coca-Cola Company (NYSE:KO) is among the largest beverage companies operating multinational today. The company markets and sells a range of non-alcoholic drinks under the brands Coca-Cola, Fanta, Sprite, and many others. The stock makes up 7.15% of Buffett’s investment portfolio, and has paid consistent dividends to its shareholders for the past 59 years. As such, it is one of the best dividend stocks Warren Buffett is backing in 2022.

Evercore ISI analyst Robert Ottenstein holds an Outperform rating on shares of The Coca-Cola Company (NYSE:KO) as of this February.

Just this February, The Coca-Cola Company (NYSE:KO) raised its dividend yet again, declaring a now $0.44 per share quarterly dividend. This marks a significant increase of 4.8% from the previous dividend of $0.42.

Out of 924 hedge funds, 70 hedge funds were long The Coca-Cola Company (NYSE:KO) in the fourth quarter of 2021. Their total stake value was $28.6 billion.