Warren Buffett, through Berkshire Hathaway, has a significant focus on dividend-paying stocks despite the company itself not issuing dividends. His investment strategy includes major holdings in companies like Apple, American Express, Coca-Cola, Bank of America, and Chevron, all of which provide consistent dividends. This approach highlights Buffett's belief that companies with growing dividends are typically healthy and profitable, making them attractive for long-term investors.

Berkshire Hathaway's portfolio, valued at over $280 billion, is heavily weighted towards these dividend stocks, which represent about 75% of its holdings. This strategy not only provides cash returns without selling shares but also positions Berkshire favorably in the market. The stability offered by these dividend stocks is crucial, especially in uncertain economic times, as they can help mitigate risks associated with market volatility.