13 Best Warren Buffett Dividend Stocks To Invest In Right Now

10. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 62

An American bank holding company, American Express Company (NYSE:AXP) ranks tenth on our list of the best dividend stocks according to Warren Buffett. Over the long term, the company has proven to be an exceptional investment, providing a 100-fold return since Warren Buffett first bought the stock and a 21% compound annual growth rate (CAGR) in total returns over the past five years. The company has built a nearly permanent inflation-protection model, with its strong competitive advantages becoming even more pronounced as it continues to expand. In the past 12 months, the stock has surged by over 46%.

In the fourth quarter of 2024, American Express Company (NYSE:AXP) reported revenue exceeding $17 billion, marking a 9% increase compared to the same period last year. The company’s net income for the quarter surpassed $2.1 billion, reflecting a 12% year-over-year growth. American Express achieved record highs in annual Card Member spending, net card fee revenues, and new card acquisitions, adding 13 million new cards throughout the year. The company also expanded its global network, adding millions of new merchant locations. By the end of the year, momentum picked up, with billings growth accelerating to 8% in the fourth quarter, driven by stronger consumer and commercial spending during the holiday season.

American Express Company (NYSE:AXP) currently pays a quarterly dividend of $0.82 per share, having raised it by over 17% in January. This was the company’s sixth dividend increase in the past three years. As of February 10, the stock supports a dividend yield of 0.90%.