Warren Buffett Sold 11 Stocks in Q2. But 1 Is Still a No-Brainer Buy for Income Investors.

Core Viewpoint - Warren Buffett has been a net seller of stocks for seven consecutive quarters, with significant sales in Q2 2024, yet Chevron remains a strong pick for income investors due to its high dividend yield and consistent performance [1][5]. Group 1: Stock Sales by Berkshire Hathaway - In Q2 2024, Berkshire Hathaway sold nearly half of its position in Apple, which remains its largest holding [2]. - The company also reduced its stakes in Bank of America and Capital One Financial, selling 21% of its Capital One shares [2]. - Other notable sales included a 3.6% reduction in Chevron, and complete exits from Paramount Global and Snowflake [2]. Group 2: Dividend Stocks Overview - Several stocks sold by Berkshire do not pay dividends, including Floor & Decor, Liberty Media, and Snowflake [3]. - Apple has a low forward dividend yield of 0.44%, while Louisiana-Pacific's yield is 0.97% [3]. - Capital One Financial offers a forward dividend yield of 1.63%, with T-Mobile US and Paramount Global yielding 1.73% and 1.89%, respectively [3]. Group 3: Chevron's Investment Appeal - Chevron offers a forward dividend yield of 4.58% and has increased its dividend for 37 consecutive years, making it attractive for income investors [5][6]. - The company is expected to benefit from lower interest rates and ongoing tensions in the Middle East, which may keep oil prices elevated [5]. - Chevron's pending acquisition of Hess is anticipated to enhance its portfolio and increase cash flow, further supporting dividend distributions [6].