It's no secret that Warren Buffett likes dividend stocks. His Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio is chock-full of stocks with long histories of paying attractive dividends. All of Berkshire's top 12 holdings pay dividends.

However, Buffett hasn't been known for investing in stocks with exceptionally high dividend yields. The Oracle of Omaha, though, does own two ultra-high-yield dividend stocks that are great picks for income investors right now.

What dividend yield qualifies as ultra-high? The definition I use is four times the yield of the SPDR S 500 ETF Trust. Since the S 500 ETF's yield is currently 1.34%, the threshold for ultra-high yield is 5.36%.

Continue reading

Source Fool.com