Reported 9 months ago
Warren Buffett's Berkshire Hathaway holds a substantial stake in American Express, owning 50 million shares, which is about 21.1% of the company and 9% of Berkshire's portfolio. American Express pays a quarterly dividend of $0.70 per share, totaling $2.80 annually. Berkshire's total annual dividend income from this investment is estimated at approximately $424.51 million, showcasing Buffett's focus on consistent returns. American Express has increased its dividend for three consecutive years, indicating potential growth in Berkshire's dividend income in the future.
Source: YAHOO