In this article, we will take a look at the 12 High Dividend Stocks Picked By Billionaire Ray Dalio.
Ray Dalio spent more than 50 years as a global macro investor. He founded Bridgewater Associates from a two-bedroom apartment in New York City and led it for most of its history, building it into the world’s largest hedge fund. He is now focused on sharing the principles that guided his approach, especially in markets and the broader economy.
Earlier in February, Dalio warned that the world is “on the brink” of a capital war. He pointed to rising geopolitical tensions and unstable capital markets. Speaking to CNBC’s Dan Murphy at the World Governments Summit in Dubai, United Arab Emirates, he said the world is close to entering a phase where money becomes a tool of conflict. He described a capital war as a situation where countries use measures such as trade embargoes, restricting access to capital markets, or leveraging debt ownership.
Dalio added that, historically, such periods have included foreign exchange controls and capital restrictions. He said institutions like sovereign wealth funds and central banks are already making “provisions” in preparation. Looking back, he noted that capital wars tend to form around “great conflicts.” Before the U.S. entered World War II, he said, the country imposed sanctions on Japan as tensions escalated between the two.
In August 2025, Dalio sold his remaining stake in Bridgewater and stepped down from its board. The firm completed the final sale of his equity shares, marking the end of a transition that began in 2022, according to a person familiar with the matter. Dalio will remain involved as an investor in Bridgewater’s strategies and continue to serve as a mentor.
Given this, we will take a look at some of the best dividend stocks picked by Billionaire Ray Dalio.
Ray Dalio of Bridgewater Associates
Our Methodology
To compile our list of the best dividend stocks to buy according to billionaire Ray Dalio, we reviewed Bridgewater Associates’ latest 13F filings and identified dividend stocks with yields above 2% as of April 17. The stocks are ranked according to the firm’s stake in the company, as of Q4 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
12. The J. M. Smucker Company (NYSE:SJM)
Bridgewater Associates’ Stake Value as of Q4 2025: $22,786,404
Dividend Yield as of April 17: 4.60%
On April 14, Barclays lowered its price recommendation on The J. M. Smucker Company (NYSE:SJM) to $103 from $125. It reiterated an Equal Weight rating on the shares. The firm adjusted targets across the consumer staples group as part of its Q1 preview. It pointed to “growing caution” heading into earnings, mainly tied to rising input costs. In food, the analyst said there are now “building concerns” about how sustainable dividends are for some companies, according to a research note.
That same day, BTIG analyst Rob Dickerson initiated coverage of Smucker with a Buy rating and a $120 price target. He said the company’s coffee segment has room for profit expansion that the market is not fully recognizing at current levels. In his view, Smucker’s broader portfolio is also better positioned as U.S. consumption trends continue to shift.
The J. M. Smucker Company (NYSE:SJM) manufactures and markets branded food and beverage products worldwide. Its portfolio includes well-known brands sold mainly through retail channels across North America.
11. The Procter & Gamble Company (NYSE:PG)
Bridgewater Associates’ Stake Value as of Q4 2025: $26,562,652
Dividend Yield as of April 17: 2.96%
On April 17, JPMorgan analyst Andrea Teixeira lowered the firm’s price recommendation on The Procter & Gamble Company (NYSE:PG) to $162 from $165. It reiterated an Overweight rating on the shares. The firm updated its targets across the household and personal care group ahead of earnings season. The analyst said that companies like SharkNinja, Church & Dwight, and e.l.f. Beauty are likely to deliver the strongest reports on a relative basis. JPMorgan expects investors to focus on customer behavior, cost pressures, and deal activity, according to the research note.
On April 14, Barclays lowered its price goal on Procter & Gamble to $146 from $155. It maintained an Equal Weight rating on the shares. The firm made the change as part of a broader Q1 preview for the consumer staples group. It pointed to “growing caution” going into earnings, driven by higher input costs. In food, the analyst noted “building concerns” about how sustainable dividends are for certain companies.
The Procter & Gamble Company (NYSE:PG) provides branded consumer packaged goods to customers around the world. Its operations span Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The company sells its products in about 180 countries and territories, mainly through mass retailers and e-commerce channels.
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