If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. They were stunned at this year’s meeting when Mr. Buffett announced that he would be stepping down as CEO of the investment giant at the end of the year. While he will remain Chairman of the Board and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the CEO position at the end of the year.
24/7 Wall St. Key Points:
- Berkshire Hathaway has sold off since Buffett’s announcement, down 10% since early May
- Some investors feel that the “Buffett Premium” may be wearing off some
- Four of the top dividend stocks in the portfolio are sizzling summer bargains
- Do Warren Buffett dividend stocks make sense for you? Why not schedule a meeting with an experienced financial planner in your area and find out? Click here to get started today. (Sponsored)
Warren Buffett remains one of the world’s most prominent investors, renowned for his long-term buy-and-hold strategies and extensive portfolio of public and private holdings. With interest rates poised to decline later this year, it makes sense to consider adding Warren Buffett’s dividend-paying stocks, which are expected to rally as bond yields fall. Four of his top dividend stocks are table-pounding deals this summer. All make sense for growth and income investors, and all are rated Buy at top firms on Wall Street that we cover.
Why do we cover Warren Buffett stocks?
There are few investors with the results and reputation that Mr. Buffett has garnered over the last 50 years. While investing has evolved over the past half-century, buying good companies with products and services recognized worldwide, while paying dividends, will always remain a timeless approach.
Chevron
Chevron Corporation is an American multinational energy corporation specializing in oil and gas. This integrated giant is a safer option for investors looking to position themselves in the energy sector and pays a rich dividend. Chevron Corporation (NYSE: CVX | CVX Price Prediction) operates integrated energy and chemicals businesses worldwide through its subsidiaries.
The company operates in two segments:
- Upstream
- Downstream
The Upstream segment is involved in the following:
- Exploration, development, production, and transportation of crude oil and natural gas
- Processing, liquefaction, transportation, and regasification associated with liquefied natural gas
- Transportation of crude oil through pipelines
- Transportation, storage, and marketing of natural gas, as well as operating a gas-to-liquids plant
The Downstream segment engages in:
- Refining crude oil into petroleum products
- Marketing crude oil, refined products, and lubricants
- Manufacturing and marketing renewable fuels
- Transporting crude oil and advanced products by pipeline, marine vessel, motor equipment, and rail car
- Manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives
Chevron announced in the fall of 2023 that it had entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The transaction’s total enterprise value, including debt, is $60 billion, and it is expected to close this summer.
Constellation Brands
Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. If there is any company whose products remain in style, it’s this one, which achieves only 7% of its sales abroad. Constellation Brands Inc. (NYSE: STZ), together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.
The company provides beer primarily under these popular brands:
- Corona Extra
- Corona Premier
- Corona Familiar
- Corona Light
- Corona Refresca
- Corona Hard Seltzer
- Modelo Especial
- Modelo Negra
- Modelo Chelada
- Victoria
- Vicky Chamoy
- Pacifico
It also offers wine under:
- Cook’s California Champagne
- Kim Crawford
- Meiomi
- Mount Veeder
- Ruffino
- SIMI
- My Favorite Neighbor
- Robert Mondavi Winery
- Schrader
- The Prisoner Wine Company
Spirits are sold under the Casa Noble, Copper & Kings, High West, Mi CAMPO, and Nelson’s Green Brier brands.
Kraft Heinz
Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest globally. With the potential for a spin-off being discussed, those who buy shares now in advance of any deal could receive shares. It derives 76% of its revenues from that market and 24% from the International segment. Needless to say, even in difficult times, everybody has to eat, and this company consistently benefits while paying a substantial dividend. The Kraft Heinz Company (NYSE: KHC) was formed via the merger of H.J. Heinz Company and Kraft Foods Group.
The company is a leading global food company with estimated annual revenues of $25 billion, derived from well-known brands such as Kraft, Heinz, Oscar Mayer, and Maxwell House.
Kraft Heinz’s additional brands include:
- ABC
- Capri Sun
- Classico
- Jell-O
- Kool-Aid
- Lunchables
- Ore-Ida
- Philadelphia
- Planters
- Plasmon
- Quero
- Weight Watchers
- Smart Ones
- Velveeta
Occidental Petroleum
Down almost 12% in 2025, the stock has rallied nicely from the lows posted in early April. Occidental Petroleum Corporation (NYSE: OXY), together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America.
It operates through three segments:
- Oil and Gas
- Chemical
- Midstream and Marketing
The company’s Oil and Gas segment explores, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
Its Chemical segment manufactures and markets basic chemicals, including:
- Chlorine
- Caustic soda
- Chlorinated organics
- Potassium chemicals
- Ethylene dichloride
- Chlorinated isocyanurates
- Sodium silicates, and calcium chloride
- Vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene
The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades in assets, consisting of transportation and storage capacity, and invests in various entities.
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