I’ve seen this headline a few times Warren Buffett’s 4 Favorite Dividend Aristocrats. Just like everyone else I’m susceptible to the listicle and I clicked it. If you’re a Buffett follower you can probably guess the four. In case you can’t the four are:
- Coca-Cola (KO)
- AT&T (T)
- Wal-Mart (WMT)
- Procter & Gamble (PG)
But here’s the thing. Technically Berkshire-Hathaway still owns 52,477,678 shares of Procter & Gamble (PG), but it entered into a swap agreement with Procter & Gamble to sell its shares back to Procter & Gamble in exchange for Duracell. In the latest letter to shareholders, the Procter & Gamble (PG) stake is marked as held for sale.
So yeah Warren Buffet owns 4 of the Dividend Aristocrats, but one of them is in the process of being sold out of the portfolio.