Warren Buffett doesn't buy stocks for their dividends. However, the legendary investor hasn't complained about receiving dividend payments to boost Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) coffers, either.
Berkshire makes a lot of money from dividends. Here are Buffett's top three dividend stocks (based on their weights in Berkshire's portfolio), and whether or not they're good picks to buy now.
Apple (NASDAQ: AAPL) ranks by far as the biggest holding for Berkshire , making up 42.7% of the conglomerate's portfolio. The tech giant doesn't offer a high dividend yield. However, the sheer size of Berkshire's stake -- over 915.2 million shares, including those owned by its New England Asset Management (NEAM) subsidiary -- means that Apple generates a significant amount of dividend income for Buffett's company.
For further details see:
Warren Buffett's Top 3 Dividend Stocks: Are They Buys Now?