Warren Buffett’s 5 Favorite Dividend Stocks for the Rest of 2022

1. Apple Inc. (NASDAQ:AAPL)

Berkshire Hathaway’s Stake Value: $122,337,373,000
Dividend Yield as of August 17: 0.53%

Apple Inc. (NASDAQ:AAPL) was the largest holding of Berkshire Hathaway in Q2 2022, as the hedge fund owned over 894 million shares in the tech company, valued at $122.3 billion. The hedge fund started building its position in the company in 2016 and since then Buffett’s bet has soared to over $160 billion. At the end of Q2, the company represented 40.7% of Warren Buffett’s portfolio.

Apple Inc. (NASDAQ:AAPL) pays a quarterly dividend of $0.23 per share, with a dividend yield of 0.53%, as recorded on August 17. The company maintains a 9-year track record of consistent dividend growth.

In August, Wedbush raised its price target on Apple Inc. (NASDAQ:AAPL) to $220 and maintained an Outperform rating on the shares.

At the end of Q1 2022, 131 hedge funds in Insider Monkey’s database owned stakes in Apple Inc. (NASDAQ:AAPL), down from 134 a quarter earlier. The total value of these stakes is over $182 billion.

Wedgewood Partners mentioned Apple Inc. (NASDAQ:AAPL) in its recently-published Q2 2022 investor letter. Here is what the firm has to say:

“Apple grew revenues +9%, driven by +17% growth in the Services segment. While iPhone revenues grew a modest +5%, it was on an exceptional year ago comparison of +66%. iPhone continues to capture most industry smartphone profits by focusing on high-end price tiers. Apple is taking nearly two-thirds of the revenue share in the premium ($400 and above) smartphone segment. Further, most of the growth was driven by expansion in the “ultra-premium” price tier of $1000 or more per unit.^[1] As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially integrated circuits) and software continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.

You can also take a look at 10 Important Dividend Increases to Watch in August and 10 Best Blue Chip Dividend Stocks to Buy in August

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