Ace investor Warren Buffett is all set to earn close to $6 billion from dividends alone this year in 2024, data shows. Buffett is a believer in holding stocks for the long term to gain maximum profits from price rises and dividends. His investment arm Berkshire Hathaway diversified billions in all sectors of the US stock market making it deliver returns from all corners.
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Considering that Warren Buffett will enjoy dividends worth $6 billion in 2024, that’s approximately an earning of $16.44 million every day. Over the decades, Warren Buffett’s investments evolved from buying stocks to acquiring promising scalable businesses at reasonable prices.
The legendary investor has prioritized long-term gains and his decisions have proven to be successful over the years. His investments play a crucial role that puts Berkshire Hathaway above all institutional firms across the US.
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Among his top dividends, packaged food giant Kraft Heinz (NYSE: KHC) will deliver $520 million in 2024 for Warren Buffett. Berkshire Hathaway currently owns $325.6 million shares of Kraft Heinz and is now valued at approximately $12 billion. The institutional firm has already earned a yield of 4.4% since the investment.
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Coming next in line is the beverage giant Coca-Cola (NYSE: KO). Warren Buffett owns 400 million shares of Coca-Cola and is valued at nearly $23.5 billion. The investments in Coca-Cola made him take a stake of 9.3% in the company. Warren Buffett will receive dividends of $775 million this year in 2024. The company is already sitting on 3.3% profits after its investment in KO.
The oil and gas giant Chevron (NYSE: CVX) will deliver dividends totaling $820 million in 2024 to Warren Buffett. He currently owns 126 million shares of Chevron and is valued at $20.5 billion. The billionaire is sitting on profits of 4% in Chevron in April 2024.
Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
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