The Sage of Omaha's company will make over $1.2 billion from the sale, according to an announcement on Monday.

Berkshire Hathaway earns $4.37 billion annually in dividends—over $138 per second—by holding quality stocks long-term, showcasing Warren Buffett’s patient, high-conviction investing strategy.

Berkshire owns a stake in several dividend-paying companies, which provide billions of dollars in cash flow each year.