Billionaire Warren Buffett’s Top Dividend Picks

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During the first quarter, Berkshire Hathaway inched up its stake in U.S. Bancorp (NYSE:USB) by 4% to 90.85 million shares worth $4.59 billion. U.S. Bancorp (NYSE:USB) has a dividend yield of 2.31%. Similar to Wells Fargo & Co. (NYSE:WFC) has tailwinds in the form of regulatory relief, tax cuts and higher interest rates. For the last quarter, U.S. Bancorp (NYSE:USB) reported EPS of $0.96 per share and revenue of $5.47 billion, up by 3.8% on the year. Compared to analysts’ estimates, U.S. Bancorp (NYSE:USB)’s EPS was $0.01 higher than expected, but it missed the consensus revenue estimate by around $60 million.

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