Investors who want to ride on Buffett's coattails should consider buying the stocks that Buffett owns. For investors who want income will find that over 20 of Buffett's stocks pay dividends with more than half a dozen yielding in excess of 3%, according to the free Warren Buffett stock list at WallStreetNewsNetwork.com.
As an example, Gannett (GCI), the newspaper publishing company, pays a healthy 5.4% yield. The stock trades at seven times forward earnings and the company reports earnings on July 16.
ConocoPhillips (COP) is another Buffett holding. The stock pays a yield of 4.7%, payable quarterly. The stock trades at 9 times forward earnings. The company's earnings announcement is July 25.
Intel (INTC) pays a generous 3.1% abd has a forward price to earnings ratio of 10. Earnings will be announced July 17.
For a free list of Warren Buffett stocks, that can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.