Maintaining a Generous Dividend:Warren Buffett's 9% Yielding Stock's Strategic Approach
Vitesse Energy (NYSE: VTS) is held by Warren Buffett's Berkshire Hathaway and carries a dividend yield of 9% at the time of writing. So what's left to think about before buying? As respected as Buffett is, it still makes sense to kick the tires before opening a position. In that spirit, I thought I'd look at what Vitesse is doing to make its dividend sustainable. It's a vital part of what most investors seek in the stock, so here goes.
The dividend clearly matters to management as it intends to return cash to shareholders through dividends and share buybacks. For example, management expects to "initially pay" quarterly dividends equivalent to $66 million (or $2 per share), and it has a share repurchase plan of up to $60 million.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a current price of 645000.0 € Berkshire Hathaway Inc. A is right around the predicted target price of 650000 €.
