5 Best Dividend Stocks To Buy According To Warren Buffett

2. STORE Capital Corporation (NYSE:STOR)

Berkshire Hathaway’s Stake Value: $842,568,000
Percent of Berkshire Hathaway’s 13F Portfolio: 0.28%
Number of Hedge Fund Holders: 13
Dividend Yield: 4.65%

STORE Capital Corporation (NYSE:STOR) stands fourth on our list of the best dividend stocks to buy according to Warren Buffett. It is an American real estate investment trust that is engaged in the management and acquisition of single-tenant real estate properties. 

As of Q2 2021, Berkshire Hathaway holds over 24.4 million shares in STORE Capital Corporation (NYSE:STOR), valued at $842.5 million. The company represents 0.28% of the hedge fund’s 13F portfolio. Recently, S&P Global raised its outlook on STORE Capital Corporation (NYSE:STOR) to positive due to the company’s outstanding portfolio performance. On September 13, the company’s board increased its quarterly dividend by 7% to $0.385 per share, offering an annualized yield of 4.65%. STORE Capital Corporation (NYSE:STOR) has increased its dividend by 18.33% in the past three years. This August, Mizuho lifted its price target on STORE Capital Corporation (NYSE:STOR) to $37, while keeping a ‘Neutral’ rating on the shares. The stock gained 17.76% in the past year. 

As of Q2 2021, 13 hedge funds tracked by Insider Monkey have positions in STORE Capital Corporation (NYSE:STOR), the same as in the previous quarter. These stakes are valued at $899 million.