From Coca-Cola To Apple: Warren Buffett¡¯s Top 5 Stocks That Will Earn Him Nearly $6 Billion This Year

It's a no-brainer that Warren Buffett is one of the greatest and most admired investors of all time. Stock market enthusiasts all around the world want to know his portfolio to get a glimpse of how he has been so successful for so many decades.

If you too are a fan of Warren Buffett, you are likely to be aware that he holds a lot of dividend-paying stocks in his portfolio.

Nearly $6 billion in dividends from five stocks

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And this year, the top dividend-paying stocks in his portfolio are expected to earn him nearly $6 billion in cash.

As per a Fortune report, in 2023 alone, Warren Buffett is expected to earn a total of $5.7 billion in cash from the dividend-paying stocks in his portfolio, according to Dow Jones Market Data and Berkshire Hathaway's filings.

Wondering which stocks are those? Read on as we unfold five of Warren Buffett's dividend-paying stocks that are going to earn him billions in 2023:

1. Apple

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In 2022, tech giant Apple, which Warren Buffett recently described as Berkshire's best business in the portfolio, reportedly paid its shareholders $0.91 in dividends per share. This year, the tech company¡¯s stock has risen more than 30% so far in 2023.

Last week, on May 12, 2023, the company raised its quarterly dividend payments to $0.24 from $0.23. According to an analysis of 42 analyst ratings, analysts overall give the stock an overweight rating, which means you should be comfortable having it in your portfolio.

Also Read: How A Lost iPhone Led To Warren Buffett Investing Billions In Apple

2. Chevron

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The American oil giant saw huge gains in 2022 as oil prices skyrocketed during the energy shortage caused by Russia's invasion of Ukraine, as per the report. Its total returns for last year were up 58%, and the company paid out $5.68 per share in dividends to its shareholders last year.

This year to date, the company's stock is down about 10% due to market volatility. Chevron's annual dividend yield is 3.86%. On February 15, 2023, Chevron raised its quarterly dividends from $1.42 to $1.51, so its yearly dividend yield is expected to be higher in 2023 than it was last year. According to an analysis of analyst ratings of the stock, it currently has an overweight rating from most analysts, meaning investors can feel good about buying the stock. Its median projected price target is $192 per share, and the stock currently trades at $157 as of May 12.

3. Bank of America

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Last year, the Bank of America reportedly paid $0.86 out to shareholders in dividends, up from $0.78 annually in 2021, even as the stock dropped 24% amid a tumultuous stock market environment. Its yearly dividend yield is 3.21%, and in September 2022, the company raised its quarterly dividend payments from $0.21 to $0.22.

This year to date, the bank's stock is down nearly 18% amid a chaotic banking crisis involving back-to-back bank collapses. According to an analysis of research notes on the stock, 10 analysts give the stock an overweight rating, and 11 say you should currently hold the stock. Its median projected price target is $35, while the stock currently trades at $27.

Also Read: 10 Inspirational Quotes From Warren Buffett

4. Coca-Cola

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The beverage behemoth, one of Buffett's favourites, paid out $1.76 in dividends per share last year, and this year it is on track to pay its shareholders more in 2023. On March 16, 2023, the company raised its quarterly dividend payments from $0.44 to $0.46.

As per the report, in an analysis of analyst ratings for the stock, 13 analysts reportedly gave it a buy rating and 8 gave it a hold rating. The stock's projected average price target is $70, and the stock currently trades at $64. Its share price is up more than 1.5% this year to date.

5. Kraft Heinz

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Last year, this American food conglomerate was able to pay out about $1.60 in dividends per share to its shareholders. The stock's dividend yield is 3.94%, and the company has been consistently paying shareholders $0.40 per share every quarter since March 2019, when it cut its dividends from $0.625 after the stock tanked because the company was subpoenaed by the SEC because of its accounting policies, as per the Fortune report.

However, analysts still give the beverage consumer the benefit of the doubt moving forward, despite the fact that dividend payments have plateaued in recent years as food and beverage staples fare comparatively well during an economic downturn. According to an analysis of analyst notes, 7 give the company a buy rating, while 13 say to hold the stock. Its share price is down 1.5% this year so far.

Also Read: Warren Buffett Reveals What Worries Him The Most When He Goes To Sleep

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