5 Best Dividend Stocks To Buy According To Warren Buffett

1. Chevron Corporation (NYSE:CVX)

Berkshire Hathaway’s Stake Value: $2,421,999,000
Percent of Berkshire Hathaway’s 13F Portfolio: 0.82%
Number of Hedge Fund Holders: 50
Dividend Yield: 5.1%

Chevron Corporation (NYSE:CVX) tops our list of the best dividend stocks to buy according to Warren Buffett. It is an American multinational energy company and is the second-largest oil company in the U.S. 

As of Q2 2021, Berkshire Hathaway owns over 23 million shares in Chevron Corporation (NYSE:CVX), valued at $2.42 billion. The company represents 0.82% of the hedge fund’s 13F portfolio. Recently, Chevron Corporation (NYSE:CVX) has announced that it plans to increase its total capital investment in lower-carbon energy businesses to $10 billion, by 2028. Along with this, the company also plans to invest $2 billion to reduce the carbon intensity of its operations. 

Chevron Corporation (NYSE:CVX) pays an annual dividend of $5.36 per share, yielding 5.1%.

ClearBridge Investments mentioned Chevron Corporation (NYSE:CVX) in its Q1 2021 investor letter. Here is what the firm has to say: 

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names, (including) Chevron. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”

You can also take a look at 10 Stocks Warren Buffett is Selling and 10 Best Stocks to Buy According to Warren Buffett

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