1 Top Warren Buffett Stock for Dividend Investors

Berkshire Hathaway's new CEO Greg Abel has initiated a position in Macy's, purchasing 7.3 million shares valued at $173 million. The department store offers an attractive 3.4% dividend yield, a 29% payout ratio, and trades at a P/E of 9 compared to the S&P 500's 26. With positive same-store sales growth and a turnaround strategy underway, Macy's presents both dividend income and upside potential for investors.