Author: Keith Speights, The Motley Fool

Most ultra-high-yield dividend stocks come with a lot of baggage. Not this one.

He holds the company in such high regard because of its brand, moat, and strong earnings growth.

Buffett maintains the giant company will always own “a boatload” of it.

They should be big winners over time.

I first initiated a position back in April 2020, and shares have gone on to deliver a total return of over 120% in less than three years. Earlier this month, I bought a lot more shares.