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Tuesday, January 27, 2009

Wesco Financial is a Divident Champion (Part of Warren Buffett Portfolio)

Wesco Financial Corporation (Part of Warren Buffett Holdings) board has approved a 2% increase in its quarterly dividends from $0.385 to $0.395 per common share. Wesco Financial Corporation has consistently increased its dividends for 37 years. The stock currently yields 0.50%. Wesco Financial Corporation engages in insurance, furniture rental, and steel service center businesses.

As per Sep 08 shareholding pattern of Wesco Financial Corporation, Waren Buffett's Berkshire Hathaway is holding 5,703,087 shares.

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