Warren Buffett right hand and vice chairman of the Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), Charlie MungerHe initially worked for Buffett’s grandfather before becoming a partner. Munger also serves as Chairman of the DailyJournal Corp DJCO.
The Daily Journal publishes newspapers and websites covering California and Arizona and produces several specialized information services. Buffett and Munger both hold huge positions in Bank of America, while Munger exclusively owns POSCO Holdings.
POSCO Holdings Inc PKX offers a dividend yield of 7.19%, or $2.95 per share annually, makes quarterly payments, and has a mixed track record of growing its dividend payments. POSCO Holdings is the largest steel producer in South Korea and one of the leading steel producers worldwide, mainly producing flat steel and stainless steel.
Posco controls about 40% of South Korea’s domestic market share and exports about 45% to 50% of its steel products overseas, mostly to Asian countries.
Go to: Charlie Munger says this is the “smartest person” he’s ever met — and it’s not Warren Buffett
Bank of America Corp BAK offers a dividend yield of 2.64%, or 88 cents per share annually on quarterly payments, with a decent track record of growing its dividends for two years. Bank of America is one of the largest financial institutions in the United States with assets in excess of $2.5 trillion (as of 2021).
In the second quarter, Bank of America returned $2.7 billion to shareholders through common stock dividends and share repurchases.
“We believe our revenue generation over the next 18 months will provide sufficient capital to support growth, pay dividends, repurchase shares and continue to invest in our people, platforms and communities as we grow into new regulatory capital requirements said Chief Financial Officer, Alastair Borthwick.
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