Reported 23 days ago
Warren Buffett's investment strategy now prioritizes Occidental Petroleum as his top dividend stock, overtaking Bank of America. Despite Bank of America's recent dividend increase, Buffett has reduced his shareholding significantly, leading to an expected dividend income of around $903.8 million from Occidental. This change highlights the impact of economic conditions and Buffett's preference for energy investments amid fluctuating oil prices.
Source: YAHOO