Warren Buffett Dividend Stocks by Sectors and Industries

11. The Kroger Co. (NYSE:KR)

Berkshire Hathaway’s Stake Value: $2,496,500,001

Sector: Consumer Staples

Industry: Grocery Stores

The Kroger Co. (NYSE:KR) is an Ohio-based retail company that operates supermarkets and multi-department stores throughout the US. The company reported a strong start to 2024, as seen by its fiscal Q1 2024 earnings. This growth was driven by the better-than-expected performance of its grocery business. It provides exceptional value during a time when customers need it most, offering affordable prices along with personalized promotions. The company acknowledges the efforts of its associates in enhancing the customer experience and improving store operations, which in turn is driving household growth and increasing customer visits.

The long-term investments The Kroger Co. (NYSE:KR) has made to strengthen and diversify its business model have enabled the company to navigate economic cycles effectively, giving it confidence in meeting its full-year outlook. The company reported revenue of $45.3 billion in Q1 2024, up from $45.2 billion in the same period last year. By continuing to deliver value to customers and investing in its associates, Kroger is well-positioned to generate attractive and sustainable returns for its shareholders. The stock is up by over 13% since the start of 2024.

On June 27, The Kroger Co. (NYSE:KR) declared a 10% hike in its quarterly dividend to $0.32 per share. Through this increase, the company stretched its dividend growth streak to 18 years, which makes KR one of the best Warren Buffett dividend stocks. The stock supports a dividend yield of 2.44%, as of August 21.

The Kroger Co. (NYSE:KR) was included in 46 hedge fund portfolios in the second quarter of 2024, the same as in the previous quarter, according to Insider Monkey’s database. The stakes held by these hedge funds have a total value of more than $4 billion. Berkshire Hathaway owned 50 million KR shares, worth $2.5 billion, becoming the company’s largest stakeholder.