2 Warren Buffett Dividend Stocks Down More Than 40% to Buy Right Now
While Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) doesn't pay a dividend, it's clear that CEO Warren Buffett loves companies that return cash to shareholders. Apple, Bank of America, Occidental Petroleum, American Express, and Coca-Cola are his investment conglomerate's largest stock holdings, and each of these companies pays a dividend.
While these big names account for the majority of dividend income that Berkshire receives, they're not the only promising income-generating stocks the company holds. If you're on the hunt for great investment deals, read on for a look at two other dividend-paying stocks in the Berkshire portfolio that are currently trading down more than 40% and look like great buys.
Parkev Tatevosian: Down 49% off its highs in recent years, General Motors (NYSE: GM) could be an excellent Buffett dividend stock to buy right now. The company is in a strong position as it benefits from two powerful trends. First, driven by a supply shortage, GM can charge customers premium prices for the legacy cars it's selling. Profits from the first tailwind allow GM to invest billions into the second trend -- the rise in demand for electric vehicles (EVs).
Source Fool.com
General Motors Corp Stock
Our community is currently high on General Motors Corp with 33 Buy predictions and 5 Sell predictions.
As a result the target price of 46 € shows a slightly positive potential of 9.97% compared to the current price of 41.83 € for General Motors Corp.
