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Warren Buffett's Berkshire Hathaway significantly shifted its portfolio in the second quarter of 2024, reducing positions in nine stocks and completely exiting two others. Despite these changes, one high-yield dividend stock remains particularly attractive for income investors.

Buffett's most notable sale in Q2 was nearly halving Berkshire's stake in Apple. Despite this major reduction, Apple retains its status as the largest holding in Berkshire's portfolio. Meanwhile, financial services firms Bank of America and Capital One Financial saw substantial sales, with Berkshire cutting its position in Bank of America and selling 21% of its stake in Capital One.

Chevron, another major holding, saw a 3.6% reduction in Berkshire's shares. Other adjustments included minor reductions in Liberty Media Class A and Class C stocks, along with selling stocks in Floor & Decor, Louisiana-Pacific, and T-Mobile US. Paramount Global and Snowflake were completely removed from Berkshire's portfolio.

For income investors, Chevron stands out as a no-brainer buy among the stocks Buffett sold in Q2. Chevron boasts a forward dividend yield of 4.58% and has a strong track record of increasing its dividend for 37 consecutive years. The company's potential benefits from lower interest rates, high oil prices due to Middle East tensions, and a promising acquisition of Hess further enhance its appeal.

Chevron's portfolio expansion and diversification from the Hess acquisition, pending a favorable arbitration outcome, could lead to higher cash flow and increased dividend distributions, making it an enticing option for long-term income investors. Despite Buffett's partial sale, Chevron remains Berkshire's fifth-largest holding, indicating continued confidence in its prospects.

Overall, Chevron's strong dividend yield and proactive strategies in both traditional and renewable energy sectors solidify its position as a robust choice for income-focused portfolios.