Warren Buffett has made a fortune thanks to stock performance -- but something else has added significantly to his gains over the years. That's the billionaire investor's ownership of dividend stocks. These companies have paid him annually, regardless of their performance or the market's performance, ensuring a certain level of guaranteed income.

One stock in particular has been interesting, paying millions of dollars annually since the late 1980s when the Berkshire Hathaway chairman first scooped up the shares. I'm talking about Coca-Cola (NYSE: KO). In 2022, Coca-Cola paid Berkshire Hathaway $704 million in dividends, up from $75 million back in 1994. Why such an increase? Because the world's biggest non-alcoholic beverage maker has prioritized dividend growth and has a track record of lifting its dividend annually for more than 50 years.

Most of us don't have Buffett's investing budget -- but could this dividend powerhouse still represent a valuable addition to your portfolio? Let's find out.

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Source Fool.com