Warren Buffett Called Dividend Growers the "Secret Sauce" to Massive Gains: Are They Still Delivering for Berkshire Hathaway?

In Warren Buffett's 2023 letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders, he touted the conglomerate's 3,787,464% gain since 1965 and invited readers to "peek behind the curtain" to see Berkshire's secret.The secret was investing in companies that increase their dividends dramatically over the years. Buffett pointed to Coca-Cola (NYSE: KO) and American Express (NYSE: AXP) as examples, noting that Berkshire had paid $1.3 billion for each of those positions in the 1990s. At the time of his letter, nearly 30 years later, Berkshire was collecting more than $1 billion a year in dividends from those two investments.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool