1 Investment Is Paying Warren Buffett $14 Billion Per Year – Here's What it Is
Warren Buffett loves dividend stocks and has invested in many of them through Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) massive stock portfolio.
Some of these create a lot of income for the company, which can then be reinvested as Buffett and his team see fit, or can be used to grow Berkshire's cash stockpile. As one example, Berkshire owns 400 million shares of Coca-Cola, each of which pays $1.94 in dividends annually. So, Berkshire is earning $776 million just for owning Coca-Cola stock. In all, Berkshire's stock portfolio is generating about $6 billion in annual dividend income.
However, there's one Berkshire Hathaway investment that makes this look like a relatively small source of income. And you might be surprised what it is.
Source Fool.com