Dividend stocks: Half of Warren Buffet's dividend income are from 3 stocks; Apple, OXY, BofA
market cap of $2.999 trillion as of now. Buffett found love for Apple shares during the first quarter of 2016. He currently holds 916 million Apple shares which are worth a massive $175 billion as of now, as per Stockcircle.
This would account for up to 49.80% of Buffet's entire portfolio --- thereby making Apple his biggest holding. As of now, Buffett holds 5.79% of the outstanding Apple stock. It is fair to say that Apple has not disappointed Buffet.
His investment in Apple shares cost around $36.3 billion, and taking into consideration the latest value of his holding in Apple shares --- the investor has recorded an upside of 381% so far. The Steve Jobs-founded company has made significant gains in 2023. Year-to-date, the stock has jumped by at least 52.5%.
In 5 years, the stock rallied by a whopping 299%. However, since mid-1983 to date, Apple shares have given a mind-boggling 95,240% return to its investors. No wonder, Buffett had to have a piece of Apple! Apple in its fiscal 2023 second quarter ended April 1, 2023, reported a revenue of 94.8 billion, down 3% year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year.
On the contrary, the tech giant generated a strong operating cash flow of $28.6 billion while returning over $23 billion to shareholders during the quarter. As of April 1, 2023, the company paid dividends and dividend equivalents to the tune of $7.418 billion. In May this year, Apple paid a cash dividend of $0.24 per share of the company's common stock, an increase of 4%.
Read more on livemint.com
