Want to Grow Your Dividend Income? Buy This Warren Buffett Stock.
It's been said countless times by yours truly and many others in the investing community, but it bears repeating: The chairman and chief executive officer of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Warren Buffett, is among the greatest investors in history.
That's why it couldn't hurt to consider the holdings within Berkshire Hathaway's $353 billion investment portfolio for your own portfolio. And while Mondelez International (NASDAQ: MDLZ) is a smaller stake in the portfolio (valued at $38 million), the stock looks like a no-brainer pick for income investors. Here are three reasons why.
Mondelez International is a truly global snacks business, with its products being sold in over 150 countries around the world. The company differentiates itself from competitors with an absolutely stacked product portfolio: These snack products include the Belvita breakfast biscuits brand, the Oreos sandwich cookie brand, and Wheat Thins cracker brand. As a result, Mondelez enjoys the leading global position in the biscuits market (i.e., cookies and crackers snack category) and second place in the global chocolate industry.
Source Fool.com
