10 Best Long-Term Dividend Stocks to Buy According to Billionaires

1. Eli Lilly and Company (NYSE:LLY)

Number of Billionaire Holders: 23

Eli Lilly and Company (NYSE:LLY) is an American multinational pharmaceutical company. In recent years, weight loss drugs have become an important growth area for the pharmaceutical industry, and Eli Lilly’s move into the GLP-1 market has been particularly successful. In addition to its progress with GLP-1 therapies, the company has gained momentum with its cancer drug, Verzenio, which, following multiple FDA approvals, has helped strengthen its position in oncology. The stock has surged by nearly 14% since the start of 2025.

Analysts also pointed out that Alzheimer’s disease (AD) treatments represent another major opportunity for Eli Lilly and Company (NYSE:LLY), as the AD market is expected to grow into the tens of billions of dollars over the coming years. Despite its potential, the market remains fragmented, with limited competition and many drugs focusing only on specific symptoms. Last summer, Lilly gained FDA approval for its AD drug, Kisunla. While weight loss treatments are expected to continue driving most of the company’s revenue for now, Kisunla is seen as a significant contributor to Lilly’s long-term growth as it expands in the Alzheimer’s field.

Alongside its strong pipeline, Eli Lilly and Company (NYSE:LLY) has maintained a solid track record of rewarding shareholders, increasing its dividends for 11 consecutive years. The company pays a quarterly dividend of $1.50 per share, offering a dividend yield of 0.68%, as of April 27.

With over 5.2 million shares, Ken Fisher’s Fisher Asset Management was the company’s largest stakeholder in Q4.

Overall, Eli Lilly and Company (NYSE:LLY)  ranks first on our list of the best long-term dividend stocks according to billionaires. While we acknowledge the potential of LLY as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than LLY but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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