BNSF Paid Berkshire Hathaway $4.4 Billion in Dividends Last Year. Berkshire Bought It for $34.5 Billion in 2010.
Often, it's the seemingly insignificant moves that end up making all the difference in the world.
In 2025, Berkshire Hathaway earned $4.4 billion in dividends from its wholly owned subsidiary BNSF, now valued at $34.5 billion. This results in a substantial effective dividend yield of 12.7% on the initial 2010 investment. Despite the railroad's market value estimates ranging from $75 billion to $200 billion, BNSF accounts for a mere 2.7% of Berkshire's overall market cap of $1.1 trillion.
BNSF's cash-generating capabilities, ranking as the second-most valuable asset within the conglomerate, have been a consistent contributor to Berkshire's financial health.
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