Berkshire Hathaway shifts top dividend stock from Bank of America to Occidental Petroleum.

Warren Buffett's Berkshire Hathaway has shifted its top dividend stock from Bank of America to Occidental Petroleum. Following a significant reduction in its BofA stake, Berkshire now expects $904 million in dividend income from Occidental, which pays a $0.22 quarterly dividend and has $8.489 billion in preferred stock yielding 8%. Overall, Berkshire anticipates over $5 billion in dividend income in the next year.

September 16, 2024
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