Warren Buffett Loves These 3 Dividend Stocks That Print Over $2.8 Billion a Year

Warren Buffett's Berkshire Hathaway famously hasn't paid dividends to its investors since 1967 (two years after Buffett took over the company). Fortunately for Berkshire Hathaway's continued success, the company receives billions of dollars in dividends from its own investment portfolio.

Berkshire Hathaway should reap a $6 billion dividend payout from its combined investments in 2024. The following three stocks alone contribute about $2.8 billion to that total — offering a prime example of how investing in stable, time-tested businesses can give investors a sturdy foundation, even in a wildly fluctuating economy.

Featured partner offers

4.6

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Paid Non-Client Promotion

FinanceBuzz doesn’t invest its money with this provider, but they are our referral partner. We get paid by them only if you click to them from our website and take a qualifying action (for example, opening an account.)

Invest Your Spare Change on Autopilot

Suite of automated tools that could help turn your pennies into real wealth.

Paid Non-Client Promotion

FinanceBuzz doesn’t invest its money with this provider, but they are our referral partner. We get paid by them only if you click to them from our website and take a qualifying action (for example, opening an account.)

Get started today

4.2

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Get a Free Stock Valued Between $5 to $200

Commission-free trading with no account minimums or maintenace fees. Sign up to get one free share of stock.

Sign up for Robinhood

4.6

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Paid Non-Client Promotion

FinanceBuzz doesn’t invest its money with this provider, but they are our referral partner. We get paid by them only if you click to them from our website and take a qualifying action (for example, opening an account.)

Invest in Google, Tesla, or Amazon For Just $5

Beginner-friendly app to invest in fractional shares and more. Bonus $25 to get started.

Paid Non-Client Promotion

FinanceBuzz doesn’t invest its money with this provider, but they are our referral partner. We get paid by them only if you click to them from our website and take a qualifying action (for example, opening an account.)

Sign up today

1. Bank of America Corp (NYSE:BAC)

Bank of America is one of the world's leading financial institutions. While some banks struggled in 2023, Bank of America benefited from the Federal Reserve's rapid cycle of interest rate hikes, which helped the bank earn $13.9 billion in net interest income in the same year. As inflation continues to persist, the bank is in a good position to continue benefiting from interest trends in 2024.

Warren Buffett bet on Bank of America's success in the first quarter of 2024, increasing Berkshire Hathaway's Bank of America holdings by 22.9 million shares. Per Berkshire's most recent financial reports, it now owns over 1.03 billion Bank of America shares, which represents an investment of over $35.1 billion and a 13.29% stake in the bank. At this point, Berkshire Hathaway is Bank of America's largest stakeholder.

Annually, Bank of America pays dividends of $0.96 per share, so Berkshire Hathaway is poised to rake in $992 million in dividends from Bank of America alone. And if banking trends continue, that amount will only grow. Bank of America has increased annual shareholder dividends for several years in a row. The current dividend yield is about 2.82%.

2. Occidental Petroleum (NYSE:OXY)

Occidental Petroleum is a gas exploration and production company. While it isn't among the top companies in the oil market, it does have a strong presence in the United States, the Middle East, North Africa, and Latin America.

Tightening global supplies of crude oil in 2023 from various factors, including the war in Ukraine, helped the company earn more from each barrel it sold. Occidental Petroleum's success attracted significant investments from Berkshire Hathaway. Warren Buffett boosted his company's ownership stake in Occidental Petroleum Corp to about 23.6% after buying about 3.7 million shares in March 2023. Berkshire Hathaway owns about 224 million Occidental common shares.

Occidental Petroleum pays annual dividends of $0.72 a share. This means that Berkshire Hathaway is expecting around $161 million in dividends from common shares this year, which represents a 1.26% dividend yield. Berkshire Hathaway also owns over 84,000 Occidental Petroleum preferred stocks valued at $10 billion. Preferred stocks typically have higher dividend yield, and Occidental Petroleum pays 8% in annual yield on its preferred stocks, generating an additional $800 million for a total of $961 million.

3. Apple (NASDAQ:AAPL)

Apple is a multinational technology company known for its innovative consumer electronics, software, and online services. Apple's strong brand loyalty helps the company maintain a robust financial performance. With more than 1.46 billion active iPhone users worldwide, the company's growth potential makes it a valuable addition to any investment portfolio.

Apple bounced back from a dip in its 2023 fiscal year, reporting a revenue of $119.58 billion in the first quarter of its 2024 fiscal year, which ended on Dec. 30, 2023. This rebound was largely driven by the sales of its flagship product, the iPhone, as well as growth in its services business and commitment to stock buybacks.

Warren Buffett's Berkshire Hathaway holds a significant stake in Apple that only grew larger in 2023. Berkshire Hathaway bought 20.4 million Apple shares in the first quarter of 2023 to increase its total Apple holdings to 916 million shares valued at about $169 billion. This represents about 5.62% of issued Apple stocks.

Apple pays an annual dividend of $0.96 per share, which means Berkshire Hathaway is set to receive about $879 million in dividends in 2024. Given the steady growth of Apple's business and its large 46.1% stake in Berkshire Hathaway's portfolio, this investment is likely to continue yielding significant returns.

Featured High Yield Savings Accounts

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit

Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement.&nbsp;Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.² <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking &amp; Savings account and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member&nbsp;FDIC.</p> FDIC Insured.³ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

Learn More

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Premium Savings - 4.00% Annual Percentage Yield⁴ <p>As of 04/30/2025, the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association, Member FDIC is 4.00%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit <a href="http://etrade.com/ratesheet">etrade.com/ratesheet</a> for information regarding this account's current interest rate and corresponding APY.</p>

For a limited time, earn a cash bonus up to $750. Terms Apply.⁵ <p class="">To be eligible for this offer, you must apply promo code SAVE25 at the time of account opening.&nbsp; This promotional code is intended for single use only and is non-transferable.</p><br> <p class="">This offer is only valid for a new Premium Savings Account.&nbsp; This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that we or our affiliates offer.&nbsp; IRA and non-IRA accounts are ineligible.&nbsp; This offer is only eligible to one new opened and funded Premium Savings Account (PSA) within 30 days.&nbsp; Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid.</p><br> <p class="">Customers may only be enrolled in one offer at a time.&nbsp; Cannot be combined with any other offers.&nbsp; Each customer is limited to a lifetime maximum of two new Premium Savings Account offers.</p><br> <p class="">Other restrictions may apply. Offer may be removed at any time.</p> FDIC insured up to $500,000⁶ <p>The Premium Savings Account gives Morgan Stanley Private Bank, National Association, Member FDIC the ability to send any amount held on deposit in your Premium Savings Account to other depository accounts at Federal Deposit Insurance Corporation ("FDIC") member banks with the purpose of affording you additional FDIC insurance coverage. It is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts). Certain conditions must be met. <a href="https://us.etrade.com/l/f/agreement-library/premium-savings-bank-deposit-program">Learn more</a>.</p> once certain conditions have been satisfied. No minimum initial deposit,⁷ <p class="">No minimum initial deposit is required to open an account.&nbsp; However, account must be funded within 30 days to remain open.</p> and no monthly account fees.

Learn More

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best for Customer Service

American Express® Savings - 3.50% annual percentage yield (APY)⁸ <p>The Annual Percentage Yield (APY) as advertised is accurate as of July 23, 2025. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.&nbsp;</p>

High Yield Savings Account. No Minimum Required Deposit or Balance.⁹ <p class="">There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.</p> Terms Apply.

Learn More

Bottom line

When times are tough (and today's times certainly qualify), it pays to have a reliable source of cash flow — which is exactly what Buffett has done with these three stocks. And sure, most of us don't have the massive cash reserves or diverse investment portfolio of Berkshire Hathaway. Still, it's a smart financial move to follow Buffett's lead by investing in a handful of steady, stable, dividend-paying companies. As always, consider your own investment goals and risk tolerance when making investment decisions.

Trending Stories

APPLY NOW

NEW ONLINE OFFER

3% cash back

6%

cash back!

in your category of choice for a year

6% cash back in your

category of choice

for a year

Plus, get a $200 online

cash rewards bonus

offer

after making at least $1,000 in purchases in the first 90 days of account opening

6 Things To Do If You’re Barely Scraping By Financially

How To Save Money on Car Insurance + Lower Your Rate in [2025]

11 Dumbest Things Smart People Waste Money On

7 Moves If You Want to Stop Living Paycheck to Paycheck

Best High-Yield Savings Accounts of August 2025: Earn Up to 4.25% APY

7 Clever Ways to Crush Your Debt

For a Limited Time Earn a Cash Bonus up to $750. Terms Apply⁵ <p class="">To be eligible for this offer, you must apply promo code SAVE25 at the time of account opening.&nbsp; This promotional code is intended for single use only and is non-transferable.</p><br> <p class="">This offer is only valid for a new Premium Savings Account.&nbsp; This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that we or our affiliates offer.&nbsp; IRA and non-IRA accounts are ineligible.&nbsp; This offer is only eligible to one new opened and funded Premium Savings Account (PSA) within 30 days.&nbsp; Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid.</p><br> <p class="">Customers may only be enrolled in one offer at a time.&nbsp; Cannot be combined with any other offers.&nbsp; Each customer is limited to a lifetime maximum of two new Premium Savings Account offers.</p><br> <p class="">Other restrictions may apply. Offer may be removed at any time.</p>

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Premium Savings Benefits

• Earn a 4.00% Annual Percentage Yield⁴ <p>As of 04/30/2025, the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association, Member FDIC is 4.00%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit <a href="http://etrade.com/ratesheet">etrade.com/ratesheet</a> for information regarding this account's current interest rate and corresponding APY.</p> with Premium Savings
• Manage your money from anywhere with their mobile app
• No minimum initial deposit,⁷ <p class="">No minimum initial deposit is required to open an account.&nbsp; However, account must be funded within 30 days to remain open.</p> and no monthly account fees
• FDIC insured up to $500,000⁶ <p>The Premium Savings Account gives Morgan Stanley Private Bank, National Association, Member FDIC the ability to send any amount held on deposit in your Premium Savings Account to other depository accounts at Federal Deposit Insurance Corporation ("FDIC") member banks with the purpose of affording you additional FDIC insurance coverage. It is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts). Certain conditions must be met. <a href="https://us.etrade.com/l/f/agreement-library/premium-savings-bank-deposit-program">Learn more</a>.</p> once certain conditions have been satisfied

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Click here to open a Premium Savings Account

---

Subscribe Today

Your Next Credit Card Is Waiting

Stop guessing. Start choosing smarter. Get expert-picked card offers, from low-interest options to travel upgrades, sent directly to you.

or

FIND MY PERFECT CARD →

By submitting this form you agree to receive emails from FinanceBuzz and to the privacy policy and terms