Why I Bought More of This Top Warren Buffett Dividend Stock During the Recent Stock Market Sell-Off

The stock market has sold off hard this year. The Nasdaq Composite recently entered bear market territory, tumbling more than 20% from its peak late last year, while the S&P 500 was heading in that direction. The culprit is a concern that tariffs could cause a recession. The silver lining to stock market sell-offs is that they enable investors to buy high-quality dividend stocks while they're on sale. One that I added to during the sell-off was Chevron (NYSE: CVX). The oil giant is one of the top holdings of Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A), which speaks volumes about its quality.Berkshire Hathaway currently owns about $250 billion of stocks. Chevron ranks as its fifth largest holding at 6.5% of its investment portfolio. Buffett's company owns 118.6 million shares (6.7% of Chevron's outstanding shares) worth about $16 billion. Continue reading

Apr 12, 2025 - 08:41

Why I Bought More of This Top Warren Buffett Dividend Stock During the Recent Stock Market Sell-Off

The stock market has sold off hard this year. The Nasdaq Composite recently entered bear market territory, tumbling more than 20% from its peak late last year, while the S&P 500 was heading in that direction. The culprit is a concern that tariffs could cause a recession.

The silver lining to stock market sell-offs is that they enable investors to buy high-quality dividend stocks while they're on sale. One that I added to during the sell-off was Chevron (NYSE: CVX). The oil giant is one of the top holdings of Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A), which speaks volumes about its quality.

Berkshire Hathaway currently owns about $250 billion of stocks. Chevron ranks as its fifth largest holding at 6.5% of its investment portfolio. Buffett's company owns 118.6 million shares (6.7% of Chevron's outstanding shares) worth about $16 billion.