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Archer Daniels Midland (Warren Buffett)

Archer Daniels MidlandDividend Yield: 2.4%

It’s not a guru list without a mention of Warren Buffett.

Buffett made news with his acquisition of H.J. Heinz (NYSE:HNZ), but his Berkshire Hathaway (NYSE:BRK.A, BRK.B) has been steadily increasing its position in several companies, including DaVita HealthCare Partners (NYSE:DVA) and old standby Wells Fargo (NYSE:WFC).

But as far as conservative dividend payers go, Buffett’s most notable addition is Archer Daniels Midland (NYSE:ADM), the Midwestern food processing company.

Archer Daniels, which produces base products like oils and high-fructose corn syrup sweeteners, is about as unsexy as an investment can be — precisely why it belongs in Berkshire’s portfolio.

It also happens to be a Dependable Dividend Stock that has paid dividends since 1927.

Article printed from InvestorPlace Media,

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