Warren Buffett loves stocks that pay him dividends though he steadfastly refuses to allow Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) to reward its shareholders. Buffett contends he knows better than those investing alongside him how to deliver superior returns. Although it sounds arrogant, he’s probably not wrong.
He collected about $6 billion in dividend checks last year, but this year at least, it’s going to be a little bit less. After dumping a ton of Apple (NASDAQ:AAPL) stock last quarter, along with a number of other stocks he reduced or eliminated from the portfolio, Buffett is due to receive about $5.2 billion or so from the two dozen dividend-paying stocks in his portfolio.
About half of the total, or $2.6 billion worth, will come from the following three stocks.
This post originally appeared at 24/7 Wall St.