Warren Buffett’s Dividend Portfolio: 5 Stocks to Watch

1. Chevron Corporation (NYSE:CVX)

Dividend Yield as of May 19: 3.38%
Quarterly Dividend: $1.42 per share

Chevron Corporation (NYSE:CVX) was one of the biggest purchases of Berkshire Hathaway during Q1 2022, as the hedge fund increased its position in the company significantly by 317%. The company accounted for 7.12% of Warren Buffett’s portfolio in Q1 2022.

On April 27, Chevron Corporation (NYSE:CVX) raised its quarterly dividend for the 35^th consecutive year to $1.42 per share, from the previous dividend of $1.34 per share. As of May 19, the stock’s dividend yield came in at 3.3%.

Fisher Asset Management was one of the company’s major shareholders in Q1 2022, holding stakes worth over $1 billion. Overall, 53 hedge funds tracked by Insider Monkey held stakes in the company in Q4 2021, worth $6.5 billion. In comparison, 51 hedge funds held shares in the company in the previous quarter, valued at $4.4 billion.

ClearBridge Investments mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm has to say:

“The energy sector, which led a strong market in 2021, generated even more dramatic relative performance in the quarter, advancing 39% and leading the benchmark Russell 1000 Value Index. Years of restrained investment in the energy sector, combined with a strong post-pandemic recovery, contributed to the higher commodity prices. The upward pressure escalated with the Russian invasion of Ukraine. Our energy holding Chevron (NYSE:CVX) benefited from higher commodity prices and was among the top contributors to first-quarter performance.”

You can also take a look at 10 Stocks to Buy and Hold for Long Term According to Warren Buffett and 11 Best Value Stocks To Buy According To Warren Buffett

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