Investing.com — The stock market has had a tough year, with all three major stock indices hitting lows and lows, weighed down by U.S. Federal Reserve liquidity tightening, rising inflation, geopolitical tensions, and the ongoing COVID-19 outbreak in China.
Well-known investor Warren Buffett, CEO of Berkshire Hathaway Group (NYSE:BRKa), has picked up some of the best-performing stocks in this complex scenario.
Here are three companies that Buffett holds in his portfolio that offer high dividends, with one company reaching close to 10%:
1.MPLX Corporation (NYSE:).
A company created by Marathon Petroleum Corporation (NYSE: MPC) to acquire, operate and develop energy infrastructure. It pays 77.50 cents per share quarterly, which translates to a solid annualized yield of 9.2%. The stock is up 12.8% since the start of the year.
2. AT&T Inc (NYSE: 244)
The telecommunications giant pays a quarterly dividend of 27.75 cents a share, which translates to an annualized yield of 5.9%. Some price targets predict a potential upside of 27%.
3. Realty Income Corp (NYSE: 39285 | O)
Realty Income is a real estate investment company with anchor tenants such as Walmart (NYSE: NYSE:), CVS Pharmacy, and Walgreens (NASDAQ: WBA). It pays its shareholders a monthly dividend of 4.6%. An increase of at least 13% is expected.
By Karjuan Cruz