This Top Warren Buffett Stock Is Becoming a Dividend Growth Machine
OXYOXY(OXY) The Motley Fool·2024-02-19 19:09

Warren Buffett's company, Berkshire Hathaway (BRK.A 0.51%) (BRK.B 0.63%), has famously avoided paying dividends. It has other priorities for the cash it generates, including investing it in buying shares of other companies. One of Berkshire's biggest investments has been in oil giant Occidental Petroleum (OXY 0.68%). While Buffett doesn't want to pay dividends to his investors, they are becoming Occidental's top priority. It has grown its payout rapidly in recent years, which will likely continue. Building ...