Warren Buffett’s 52% Portfolio Rests on These Three Dividend Giants

Group 1: Apple Inc. - Apple reported a record revenue of $102.5 billion for the fourth quarter, an 8% increase year-over-year, with an EPS of $1.85, up 13% year-over-year [1] - Services revenue reached $28.75 billion, marking an all-time high for the company [1] - The iPhone segment generated $49.03 billion in revenue, continuing to be a key growth driver [1] - Apple is experiencing supply constraints on several iPhone 17 models, indicating potential for another strong quarter [1] - The stock has gained 14.35% in 2025, trading at $278.85, close to its 52-week high of $280 [2] - Apple has a dividend yield of 0.37% and has increased dividends for 12 consecutive years, with an annual dividend of $1.04 per share [2] - The payout ratio stands at 13.65%, suggesting potential for higher dividends in the future [2] - Apple remains the largest holding in Berkshire Hathaway's portfolio at 22.69%, with strong product demand and impressive quarterly results [3] Group 2: American Express - American Express constitutes 18.84% of Berkshire Hathaway's portfolio and has shown strong revenue growth [6][3] - The company reported an 11% increase in revenue to $18.4 billion and a 16% increase in profits to $2.9 billion in the third quarter [8] - American Express has a dividend yield of 0.90%, paying an annual dividend of $3.28 per share, with a payout ratio of 21.21% [9] - The company has raised dividends for 4 consecutive years and has never cut its dividend [9] - American Express has a resilient customer base and is well-positioned to benefit from increased spending [10] Group 3: Bank of America - Bank of America makes up 10.96% of Berkshire Hathaway's portfolio, with a reported revenue of $28.1 billion, up 11% year-over-year [12][11] - The bank's net income reached $8.5 billion, and it added 212,000 net new consumer checking accounts [12] - Bank of America has a dividend yield of 2.09%, paying an annual dividend of $1.12 per share, with a payout ratio of 28.88% [13] - The bank has raised dividends for 11 years and is positioned to benefit from lower interest rates and growing consumer accounts [13][14]