Berkshire Hathaway (
) just posted its
13-F filing with the SEC, which lists changes in its stock positions.
Buffett initiated a new position in medical technology company Becton Dickinson (
) in the second quarter. The sec filing shows Berkshire Hathaway purchased.1.20 million shares in Becton Dickinson (
). Becton Dickinson is a
dividend aristocrat, which has raised distributions for 36 years in a row.
Berkshire added 4.4 million shares to its position in health care giant Johnson & Johnson (
). This is the second consecutive addition to its holdings there. Johnson and Johnson (JNJ) is another
dividend aristocrat, which has rewarded shareholders with 47 years of consecutive dividend increases.
Those recent moves by Buffett reiterate my convictions that he is a
closet dividend investor. Most companies that have managed to increase their dividends for long periods of time are ones that have wide moats as well as excellent competitive advantages in the marketplace. Having these qualities leads to rising earnings which tend to support a steady pace of increase in dividends.
Berkshire eliminated its position in utility company Constellation Energy (
).
