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Buffett-Backed Dividend Stocks Spotlighted as Defensive Bets Ahead of CEO Transition

With Greg Abel set to take over, investors focus on Berkshire picks for steady income.

Overview

  • New analyses highlight Berkshire-held dividend payers as lower-beta options as Wall Street grows cautious about a potential 2026 downturn.
  • Chevron features prominently with a roughly 4.4% yield after a 5% increase earlier this year, reflecting the energy major’s role in Berkshire’s income portfolio.
  • Coca-Cola, Kroger, Mitsubishi, and Itochu are cited for yields near 3.04%, 2.03%, 2.83%, and 2.41%, respectively, offering additional Buffett-endorsed income ideas.
  • Warren Buffett will step down as Berkshire Hathaway CEO on Jan. 1, with Greg Abel set to assume the role while Buffett remains board chair.
  • Stock selection responsibilities are expected to rest with portfolio managers Ted Weschler and Todd Combs, as Berkshire shares lag the S&P 500 this year after a drop following the succession news.