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Warren Buffett set to earn $2 billion from these 3 stocks

Warren Buffett set to earn $2 billion from these 3 stocks
Ana Zirojevic

While it is no secret that many stock investors look up to Warren Buffett as one of the most experienced in the field, the Berkshire Hathaway (NYSE: BRK.A) CEO is on the road toward making a massive profit – counting almost $2 billion – based on returns from just three dividend stocks in 2024.

Indeed, the combined dividend yields of these three super stocks to Buffett’s conglomerate will get close to $2 billion this year (about $1,978,000,000), thanks to belonging to strong brands and paying regular returns, adding up to the renowned businessman’s $318 billion stock portfolio.

#1 Coca-Cola (NYSE: KO)

Specifically, Buffett’s longest-held position – that in the Coca-Cola Co (NYSE: KO) – is currently worth $24 billion and provides Berkshire Hathaway with annual dividend income of $736 million, which equates to 56% of its original cost basis, having paid $3.25 per split-adjusted share for that stake.

At the moment, the Coca-Cola stock is trading at the price of $59.57, indicating a daily loss of 0.43% and a 1.36% drop on its weekly chart but nonetheless recording an increase of 3.4% across the previous month, as per the latest data on January 23.

Coca-Cola 30-day stock price chart. Source: Finbold

#2 American Express (NYSE: AXP)

Furthermore, the stake in American Express (NYSE: AXP), which Buffett has held for nearly as long as the one in Coca-Cola, will this year provide his company with a dividend profit of $364 million, from a position worth $1.3 billion, or $8.49 per share.

Meanwhile, the price of the AXP stock at press time stood at $185.01, up 1% in the last 24 hours, increasing by 1.63% across the previous seven days, and advancing 2.41% over the past month, according to the most recent information retrieved by Finbold.

American Express 30-day stock price chart. Source: Finbold

#3 Apple (NASDAQ: AAPL)

Finally, Berkshire’s position in Apple (NASDAQ: AAPL) will grant $878 million in dividend income for the next 12 months thanks to the company’s holdings of 915 million Apple shares worth about $177 billion and the technology behemoth’s stock price increase of 378% over the last five years.

Currently, the AAPL stock is changing hands at the price of $193.89, recording an increase of 1.22% on its daily chart and gaining 4.29% over the past week despite declining 0.48% in the last 30 days, as per the most recent chart information.

Apple 30-day stock price chart. Source: Finbold

Conclusion

Overall, the above dividend stocks will probably contribute to another successful year for Warren Buffett. However, things in this sector can make a surprising twist, so it is important to carefully study any asset in the stock market before devoting a significant part of one’s portfolio to it.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

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