Sunday, December 05, 2010

Seven Buffett Stocks Yielding Over 3%

Warren Buffett doesn't believe in the proliferation of weapons of mass destruction, and is willing to put his mouth where his money is. He has put up $50 million in support of a proposal to set up an atomic fuel bank authorized by the United Nations nuclear agency. These funds are just a small portion of the fortune he created as chairman and chief executive of Berkshire Hathaway (BRK-A) (BRK-B).

Many investors feel that following in Buffett's footsteps will lead to riches. Income investors think that the top yielding Buffett stocks may be the best way to provide income and give some growth potential. has just updated its list of stocks owned by Warren Buffett's Berkshire Hathaway and turned up seven of them with yields greater than 3%.

ConocoPhillips (COP), the multi-national oil company, is one of Buffett's favorites which yields 3.5%. The stock trades at 10.2 times forward earnings, The company reported that earnings for the latest quarter more than doubled on an 18.8% revenue increase.

Johnson & Johnson (JNJ), the company that makes everything from Bandaids to Neutrogena to Listerine to Tylenol, also has a dividend payout rate of 3.5%. The stock has a forward price to earnings ratio of 12.5, with an earnings report showing a 2.2% earnings increase on a slight drop in revenues.

M&T Bank Corp. (MTB), based in Buffalo, New York, is another high yielder owned by Buffett, paying 3.6%. The stock sports a forward PE of 13.5. Recent quarterly earnings were up 50% on a revenue boost of 19%.

To see the rest of the high yield Warren Buffett stocks, check out the free downloadable Excel list which can be sorted and updated at

Disclosure: Author does not own any of the above.


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