5 Best Value Dividend Stocks to Buy Now According to Warren Buffett

2. AbbVie Inc. (NYSE: ABBV)

Berkshire Hathaway initiated a brand new position in AbbVie Inc. (NYSE: ABBV) during the third quarter of 2020 and raised its stake by 20% during the fourth quarter. The pharmaceutical giant is weighted around 1% of Buffett’s portfolio, according to the latest 13F filings. With a history of 8 successive years of dividend growth, AbbVie is a decent stock for a dividend portfolio. ABBV’s potential to generate sustainable growth in revenue and earnings helps it in generating strong cash returns for investors.

AbbVie was in 83 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 82 positions in the previous quarter.