Warren Buffett’s Top 5 Dividend Stock Picks

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1. Apple Inc. (NASDAQ:AAPL)

Berkshire Hathaway’s Stake: $116.3 billion

Warren Buffett’s has long been a believer in Apple Inc. (NASDAQ:AAPL). As of the end of the last quarter of 2022, Apple Inc. (NASDAQ:AAPL) accounted for about 38% of Berkshire’s entire portfolio. Apple Inc. (NASDAQ:AAPL) started paying dividends in 2012 and has since upped its dividend every year. According to a latest report from Bloomberg, Apple Inc. (NASDAQ:AAPL) is expected to initiate a new five-part debt offering to raise $5 billion.

As of the end of the last quarter of 2022, 135 hedge funds were long Apple Inc. (NASDAQ:AAPL), according to Insider Monkey’s proprietary database of 943 hedge funds

RiverPark Large Growth Fund made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q1 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL): Apple shares were our final top contributor for the quarter. While the company reported a rare quarterly earnings miss, investors had expected slower sales due to macro headwinds. Services continue to be a bright spot for the company with an all-time high of $21 billion in quarterly revenue, a 6% year-over-year increase, and management expects iPhone revenue growth to re-accelerate in 2Q. Operating Cash Flow was $34 billion for the quarter, and the company returned $23 billion to shareholders in the last three months, including $4 billion in dividends and $19 billion in share repurchases.

With an installed base of 2 billion active devices and significant growth of the company’s recurring revenue Services segment (now 18% of revenue), we believe that Apple remains one of the most innovative, best-positioned and most profitable companies in the mobile technology industry.”

You can also take a peek at 10 Most Profitable Small Businesses in 2023 and 10 Best April Dividend Stocks To Buy.

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