Warren Buffett's Berkshire Hathaway has invested in plenty of dividend stocks over the years. Dividend stocks remain popular among investors as they allow you to create a passive income stream at a low cost.
"Dividend stocks deliver regular payments to investors and can be an essential part of portfolios," according to Charles Schwab's investing education team.
This is precisely what Chevron is doing for Berkshire Hathaway right now.
Between Chevron's rising payout and Berkshire's massive stake, the arrangement now sends more than half a billion dollars into Buffett's coffers every year.
Berkshire Hathaway owns 84,375,856 shares of Chevron. At Chevron's current annual dividend of $7.12 per share, the stake generates roughly $601 million in cash every year, paid out in quarterly installments.
#chevron #investors #warren
"Dividend stocks deliver regular payments to investors and can be an essential part of portfolios," according to Charles Schwab's investing education team.
This is precisely what Chevron is doing for Berkshire Hathaway right now.
Between Chevron's rising payout and Berkshire's massive stake, the arrangement now sends more than half a billion dollars into Buffett's coffers every year.
Berkshire Hathaway owns 84,375,856 shares of Chevron. At Chevron's current annual dividend of $7.12 per share, the stake generates roughly $601 million in cash every year, paid out in quarterly installments.
#chevron #investors #warren
3 days ago
