In this article, we discuss 5 Warren Buffett’s dividend stocks by sectors and industries. If you want to read our detailed analysis of Warren Buffett’s portfolio and dividend stocks, go directly to read Warren Buffett Dividend Stocks by Sectors and Industries.
5. Chevron Corporation (NYSE:CVX)
Berkshire Hathaway’s Stake Value: $19,372,950,883
Sector: Energy
Industry: Oil & Gas Integrated
An American energy company, Chevron Corporation (NYSE:CVX) is next on our list of the best Warren Buffett dividend stocks. The company has been raising its dividends consistently for the past 36 years and offers a quarterly dividend of $1.51 per share. As of September 5, the stock has a dividend yield of 3.62%.
During the second quarter of 2023, Berkshire Hathaway reduced its position in the company by 8%. The hedge fund owned over 123 million shares in the company, worth over $19.3 billion. The company accounted for 5.56% of the firm’s 13F portfolio.
According to Insider Monkey’s database of 910 hedge funds, 73 funds owned investments in Chevron Corporation (NYSE:CVX) in Q2 2023, up from 64 in the previous quarter. The overall value of these stakes is over $21.4 billion.
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4. The Coca-Cola Company (NYSE:KO)
Berkshire Hathaway’s Stake Value: $24,088,000,000
Sector: Consumer Staples
Industry: Beverages—Non-Alcoholic
The Coca-Cola Company (NYSE:KO) is one of the oldest Warren Buffett holdings as the billionaire has been investing in the company since 1988. As of the most recent quarter, the hedge fund owned 400 million KO shares, worth over $24 billion. The company made up 6.91% of the hedge fund’s 13F portfolio.
In 2023, The Coca-Cola Company (NYSE:KO) stretched its dividend growth streak to 61 years, which makes it one of the best Warren Buffett dividend stocks from the consumer staples industry. The company offers a quarterly dividend of $0.46 per share and has a dividend yield of 3.13%, as of September 5.
At the end of Q2 2023, 61 hedge funds in Insider Monkey’s database owned stakes in The Coca-Cola Company (NYSE:KO), the same as in the previous quarter. The overall value of these stakes is over $27.2 billion.
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3. American Express Company (NYSE:AXP)
Berkshire Hathaway’s Stake Value: $26,410,583,940
Sector: Financials
Industry: Credit Services
American Express Company (NYSE:AXP) is a New York-based financial services corporation that provides a range of financial products and services. It is one of the best Warren Buffett dividend stocks as the company has paid uninterrupted dividends to shareholders since 1989. It currently offers a quarterly dividend of $0.60 per share and has a dividend yield of 1.52%, as of September 5.
American Express Company (NYSE:AXP) was the third-largest holding of Berkshire Hathaway at the end of Q2 2023. The hedge fund owned an AXP stake worth over $26.4 billion, which made up 7.58% of its 13F portfolio.
As of the close of Q2 2023, 73 hedge funds tracked by Insider Monkey reported having stakes in American Express Company (NYSE:AXP), worth collectively over $28 billion.
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2. Bank of America Corporation (NYSE:BAC)
Berkshire Hathaway’s Stake Value: $29,632,524,052
Sector: Financials
Industry: Banks—Diversified
Bank of America Corporation (NYSE:BAC) is another Warren Buffett dividend stock from the financial sector. His hedge fund owned over 1 billion shares in the company at the end of Q2 2023, worth more than $29.6 billion. The financial services company represented 8.51% of Berkshire’s 13F portfolio.
Bank of America Corporation (NYSE:BAC) has been making regular dividend payments to shareholders since 1999 and currently pays a quarterly dividend of $0.24 per share. The stock has a dividend yield of 3.38%, as of September 5.
Bank of America Corporation (NYSE:BAC) was a part of 90 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. The consolidated value of these stakes is over $31.7 billion.
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1. Apple Inc. (NASDAQ:AAPL)
Berkshire Hathaway’s Stake Value: $177,591,247,296
Sector: Information Technology
Industry: Consumer Electronics
Apple Inc. (NASDAQ:AAPL) tops our list of Warren Buffett dividend stocks. The company is another dividend stock of the billionaire from the tech sector and is his largest holding at the end of Q2 2023. Berkshire Hathaway owned stakes worth nearly $178 billion in the company, which accounted for a remarkable 51% of its 13F portfolio.
Apple Inc. (NASDAQ:AAPL) currently pays a quarterly dividend of $0.24 per share and has a dividend yield of 0.52%, as recorded on September 5.
At the end of Q2 2023, 135 hedge funds tracked by Insider Monkey reported having stakes in Apple Inc. (NASDAQ:AAPL), up from 131 in the previous quarter.
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