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Want $1,500 in Passive Income? Invest $10,000 in This Warren Buffett Dividend Stock and Wait 3 Years

TheMotleyFool

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Want $1,500 in Passive Income? Invest $10,000 in This Warren Buffett Dividend Stock and Wait 3 Years

Berkshire Hathaway, which is led by CEO Warren Buffett, made its first purchase of Verizon Communications (NYSE: VZ) stock in the fourth quarter of 2020 and didn't waste any time amassing a sizable position in the company. The telecom currently stands as the seventh-largest overall stock holding in the investment conglomerate's portfolio, but its valuation has actually lost ground since that initial buy.