'Canadian Warren Buffett' Owns These Dividend Stocks: How To Invest Like The Billionaire

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Zinger Key Points
  • Prem Watsa is referred to as the “Canadian Warren Buffett” and has mirrored his idol’s business model.
  • During the third quarter, Fairfax maintained its stake in Kennedy-Wilson Holdings at more than 13.3 million shares.

Fairfax Financial Holdings Limited FFHPF was founded in 1985 by Prem Watsa, who remains the chairman and CEO.

Fairfax is a financial holding company with the objective to build long-term shareholder value by achieving a high rate of compound growth in book value per share over the long term. Fairfax offers reinsurance and property and casualty insurance in Canada, the U.S. and other international markets.

Watsa is an Indian-Canadian billionaire and has seen Fairfax's total portfolio value increase to over $3.8 billion in the third quarter, reported Stock Circle.

Watsa is referred to as the “Canadian Warren Buffett” and has mirrored his idol’s business model, which aided him in becoming a successful investor.

Here are three dividend stocks Watsa continues to hold in 2022.

See Also: After A Tumultuous Q3, Warren Buffett Holds Onto 2 High-Yielding Defensive Stocks

Kennedy-Wilson Holdings Inc. KW offers a dividend yield of 5.80% or 96 cents per share annually, making quarterly payments with a notable track record of increasing its dividends for 10 consecutive years.

Kennedy-Wilson Holdings is a global real estate investment company that owns, operates and invests in real estate focused on multifamily and commercial properties located in the western U.S., U.K., Ireland, Spain, Italy and Japan.

During the third quarter, Fairfax maintained its stake in Kennedy-Wilson at over 13.3 million shares, accounting for 5.3% of the total portfolio, its fourth largest position.

Atlas Corp ATCO offers a dividend yield of 3.26% or 50 cents per share annually, through quarterly payments with an inconsistent track record of increasing its dividend payments.

Atlas is a global asset manager that owns and operates the businesses in which it invests while focusing on deploying capital across multiple verticals to create sustainable value and quality growth opportunities for its shareholders. The company has two operating segments: containership leasing and mobile power generation.

Over the course of the third quarter, Fairfax maintained its stake in its largest holding Atlas, which accounted for 45% of the portfolio or more than 125 million shares.

Delek US Holdings Inc DK offers a dividend yield of 2.63% or 84 cents per share annually, using quarterly payments with an inconsistent track record of increasing its dividends.

Delek US Holdings owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the U.S.

In the first quarter of 2022, Fairfax opened a new stake in Delek US Holdings worth 32,000 shares, which has remained unchanged since.

Photo: செல்வா at Tamil Wikipedia via Wikimedia Commons

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Posted In: Mid CapNewsDividendsDividendsHedge FundsCommoditiesGlobalTop StoriesMarketsTrading IdeasGeneralReal Estate13F13F filingsdividend stocksFairfax Financial Holdings LimitedPrem WatsaWarren Buffett
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