This High-Yield Warren Buffett Stock Has Increased Its Dividend for 63 Consecutive Years. Is It a No-Brainer Buy Right Now?
In January 1967, Berkshire Hathaway did something it's done only once in the company's history: It paid a cash dividend. Warren Buffett wrote to Berkshire shareholders earlier this year: "I can't remember why I suggested this action to Berkshire's board of directors. Now it seems like a bad dream." Aside from that one time, Buffett has prioritized using Berkshire's profits to reinvest in growth, rather than rewarding shareholders with dividends. However, that doesn't mean he doesn't enjoy receiving dividends.Most of the stocks in Berkshire Hathaway's portfolio pay dividends. A few boast especially impressive dividend track records. One high-yield Buffett stock has even increased its dividend for 63 consecutive years.Continue reading
In January 1967, Berkshire Hathaway did something it's done only once in the company's history: It paid a cash dividend. Warren Buffett wrote to Berkshire shareholders earlier this year: "I can't remember why I suggested this action to Berkshire's board of directors. Now it seems like a bad dream."
Aside from that one time, Buffett has prioritized using Berkshire's profits to reinvest in growth, rather than rewarding shareholders with dividends. However, that doesn't mean he doesn't enjoy receiving dividends.
Most of the stocks in Berkshire Hathaway's portfolio pay dividends. A few boast especially impressive dividend track records. One high-yield Buffett stock has even increased its dividend for 63 consecutive years.
