1 Top Warren Buffett Stock for Dividend Investors
Macy's stock has attractive total return potential.
Overview
Berkshire Hathaway doesn't pay a dividend. However, former CEO and legendary investor Warren Buffett purchased shares in companies that make payouts.
His successor, Greg Abel, has also purchased a dividend-paying stock this year that investors should examine closely. For those seeking dividends with upside potential, Macy's (NYSE: M) fits the bill.
Details
It's a new equity position for Berkshire this year. As of June 30, Berkshire owned 7.3 million shares valued at $173 million.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.