Warren Buffett Dividend Stocks by Sectors and Industries

8. Moody’s Corporation (NYSE:MCO)

Berkshire Hathaway’s Stake Value: $10,384,249,654

Sector: Financials

Industry: Financial Data & Stock Exchanges

Moody’s Corporation (NYSE:MCO) ranks eighth on our list of the best Warren Buffett dividend stocks. It is an American financial services company that offers credit ratings and analytical solutions to investors and businesses. The company’s credit ratings and risk analysis businesses continue to perform well. It also offers research and risk management services to clients in the financial services, corporate, and public sectors. The company reported strong earnings in the second quarter of 2024, driven by the success of its top-rated ratings franchise. It reported revenue of $1.8 billion, which showed a 21% growth from the same period last year. The double-digit revenue growth supported product development and innovation. In addition, the company formed several promising strategic partnerships with leading industry firms to expand the availability and reach of its data and insights.

Warren Buffett initially acquired Moody’s Corporation (NYSE:MCO) in 2000, following its spin-off from Dun & Bradstreet. The hedge fund maintained a steady stake in the company, except for a single instance in 2010 when it reduced its holdings to raise funds for acquisitions. At the end of Q2 2024, it owned nearly 25 million shares in the company, worth over $10.3 billion. The company represented 3.7% of the firm’s 13F portfolio.

Moody’s Corporation (NYSE:MCO), one of the best Warren Buffett dividend stocks, has raised its payouts for 14 consecutive years. The company currently offers a quarterly dividend of $0.85 per share and has a dividend yield of 0.71%, as of August 21.

As per Insider Monkey’s database of Q2 2024, 59 hedge funds owned stakes in Moody’s Corporation (NYSE:MCO), compared with 60 in the previous quarter. The consolidated value of these stakes is nearly $21 billion. In addition to Berkshire Hathaway, TCI Fund Management was also one of the company’s leading stakeholders in Q2.