10 Dividend Stocks Warren Buffett Is Bullish On In 2022
There must be something to these dividend stocks
I am always on the lookout for new dividend stocks to purchase. While I do my research, watch many YouTube videos, and track stocks I'm interested in, I also watch what other investors are doing.
I spend a lot of time keeping track of one investor is, Warren Buffett. Warren Buffett is a name that almost everyone in the investment world is familiar with these days. He is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding corporation based in the United States.
He has made a significant amount of money in the stock market, and he doesn't do it the same way others do.
Diversification may preserve wealth, but concentration builds wealth. — Warren Buffett
In this list, here are ten stocks that he is bullish on for 2022, and I think we should spend some time considering them for our portfolios.
Wells Fargo & Company (WFC) reported an EPS of $1.25 in the fiscal fourth quarter of 2021, exceeding projections by $0.25. The company's revenue was $20.9 billion, $2.2 billion higher than expected. In the last six months, it has likewise gained 7%.
Johnson & Johnson (JNJ): They posted an EPS of $2.13 in the fourth quarter of 2021, exceeding predictions by $0.01. Its revenue was $24.8 billion, up from $23.3 billion in the previous quarter.
Bank of America Corporation (BAC): I hold this stock already, but I will be picking up more throughout the year. They were one of the few stocks whose stock prices helped Berkshire Hathaway's net income more than quadruple in the fourth quarter, reaching $89.8 billion, according to a report released in February.
The Bank of New York Mellon Corporation (BK): The EPS was $1.04, above expectations by $0.03, and revenue of $4.02 billion exceeded expectations by $41.4 million. In addition, the company's assets under administration increased by 10% year over year to $2.4 trillion.
The Procter & Gamble Company (PG): In the fiscal second quarter of 2022, the company's EPS was $1.66, exceeding projections by $0.01. Its sales, which came in at $20.9 billion, were also above expectations by $617.4 million. This is a company that I have on my watchlist and may add during the year.
The Coca-Cola Company (KO): This company increased its dividend yet again in February, setting a quarterly dividend of $0.44 per share. This represents a 4.8 percent increase over the previous dividend of $0.42. This is another company I have a position in and will likely continue to grow over time.
Verizon Communications (VZ): In the fourth quarter of 2021, the company's EPS was $1.31, exceeding expectations by $0.03. Its sales were $34.1 billion, $30.6 million higher than expected.
Chevron Corporation (CVX): They boosted their share repurchase projection in March from $3 to $5 billion per year to $5 to $10 billion per year, citing a solid portfolio and balance sheet, according to Pierre Breber, the company's CFO. And the company's dividend is expected to raise cash returned to shareholders by more than 50%.
The Kraft Heinz Company (KHC): The company's fiscal fourth-quarter 2021 EPS was $0.79, which was $0.16 higher than analysts' expectations. With $6.7 billion in revenue, they surpassed revenue projections by $64.4 million. In the last six months, the stock has risen 2.4 percent, and year to date, it has gained 2.9 percent.
U.S. Bancorp (USB): Out of 924 hedge funds, 46 were long on this company in the fourth quarter of 2021. With 42 hedge funds owning holdings in the company, their total investment worth was $7.9 billion, compared to $8.4 billion in the previous quarter.
Final Thoughts on the 10 Companies
First, don't just pick stocks because Warren Buffett likes them or is on this list. It would be best if you did your research when picking stocks. After all, I am not a financial adviser, and any information I provide is purely for thought-provoking purposes.
Second, remember the stock market goes up and down. These may do well, or they may do poorly. Investing is a risk, and you should consult a financial advisor before making any significant financial decisions.
Lastly, I would encourage you to spend time reading more about each stock and making sure their financials are sound. As I said, I have invested in a couple on the list, but not all. I believe a few of these companies have done my research.
However, it is always interesting to see what others invest in, right?