Why This Warren Buffett Stock With an Ultra-High Dividend Yield of 10% Is a Screaming Buy Right Now
Warren Buffett likes dividends. His Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio is loaded with dividend stocks. The legendary investor talked about dividends quite a bit in his latest letter to Berkshire shareholders.
Buffett doesn't own all that many stocks that pay jaw-dropping yields. However, you might be surprised what you'll find if you look hard enough. Here's one Buffett stock with an ultra-high dividend yield of 10% -- and why it's a screaming buy right now.
No matter how hard you look, you won't find Ares Capital (NASDAQ: ARCC) listed among the holdings of Berkshire Hathaway. But Berkshire -- and by extension, Buffett --- does own the stock.
Source Fool.com