5 Best Dividend Stocks to Buy According to Billionaire Ray Dalio

In this article, we discuss the 5 best dividend stocks to buy according to billionaire Ray Dalio. If you want to read our detailed analysis of Dalio’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire Ray Dalio.

5. Kinder Morgan, Inc. (NYSE: KMI)

Dalio’s Stake Value: $1,160,000
Percentage of Ray Dalio’s 13F Portfolio: 0.01%
Dividend Yield: 5.73%
Number of Hedge Fund Holders: 38

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company in North America. The company works through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. Kinder Morgan was founded in 1936 and is placed fifth on our list of 10 best dividend stocks to buy according to billionaire Ray Dalio. The company stock has offered investors more than 12% in returns over the last year.

On May 17, Kinder Morgan declared a quarterly dividend of $0.27 per share, representing a 3% increase over the Q4 2020. The company reported its Q1 2021 net income of $1,409 million, compared to a net loss of $306 million in Q1 2020. On June 1, Kinder Morgan agreed to buy Stagecoach Gas Services natural gas pipeline and storage joint venture from Consolidated Edison and Crestwood Equity Partners for $1.225 billion. 

Bridgewater Associates holds more than 69,000 shares in the company, worth over $1.1 million. At the end of the first quarter of 2021, 38 hedge funds in the database of Insider Monkey held stakes worth $1.19 billion in Kinder Morgan, Inc. (NYSE: KMI), down from 42 the preceding quarter worth $1.03 billion.