5 Best Dividend Stocks to Buy According to Warren Buffett

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In this piece, we will take a look at the 5 best dividend stocks to buy according to Warren Buffett. If you want to read our overview of the dividend stocks and the latest news, then you can take a look at 15 Best Dividend Stocks to Buy According to Warren Buffett.

5. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 79

Citigroup Inc. (NYSE:C) is the 12th largest holding in Berkshire Hathaway’s portfolio and one of the best dividend stocks to buy, according to Warren Buffett. Citigroup Inc. (NYSE:C) generates a large amount of revenue from providing financial products and services to consumers, corporations, and government institutions.

While Citigroup Inc. (NYSE:C) has been paying dividends since 1990, its quarterly offering stands at $0.53 a share with a yield of 4.25%, one of the highest in Buffett’s portfolios. In the third quarter alone, the company returned 15 billion through dividends and share repurchases to shareholders.

Citigroup Inc. (NYSE:C) had 79 hedge funds in Insider Monkey’s database as shareholders at the end of the third quarter of 2023. This was an increase from the previous quarter when 75 hedge funds held stakes in the company. The value of these stakes was almost $7 billion.

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