Berkshire Hathaway, now run by Greg Abel, collected $479 million in dividends from its American Express stake in 2025, against a total cost of $1.3 billion for shares bought over several years ending in 1995. At the end of 2025 Berkshire owned 22% of American Express, a stake then worth $56 billion. The annual dividend rose from $1.22 per share in 2016 to $2.08 in 2022 and $3.54 more recently, even though the current yield is only 1.2%. The article notes that American Express's second-quarter EPS rose 11% and revenue rose 10%, and that its forward P/E of 15.3 is below its five-year average of 16.8. It uses this case to highlight the value of holding growing dividend payers over the long term.
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