5 Dividend Stocks That Billionaire George Soros Owns

3. Union Pacific Corporation (NYSE:UNP)

Soros Fund Management’s Stake Value: $14,747,732
Dividend Yield as of February 21: 2.65%

Union Pacific Corporation (NYSE:UNP) is an American transport company. The company has been raising its dividends consistently for the past 15 years. It currently pays a quarterly dividend of $1.30 per share and has a dividend yield of 2.65%, as recorded on February 21.

During the fourth quarter of 2022, Soros Fund Management boosted its position in Union Pacific Corporation (NYSE:UNP) by 25%. The firm’s total stake in the company amounted to over $14.7 million. The company represented 0.2% of billionaire George Soros’ portfolio.

Union Pacific Corporation (NYSE:UNP) was a popular buy among elite funds in Q4 2022 as 83 hedge funds in Insider Monkey’s database owned stakes in the company, up from 74 in the previous quarter. The collective value of these stakes is nearly $5.4 billion.

Diamond Hill Capital Management mentioned Union Pacific Corporation (NYSE:UNP) in its Q2 2022 investor letter. Here is what the firm has to say:

“Union Pacific Corporation (NYSE:UNP) is a large railroad company that carries freight across the western US and between Canada and Mexico. It transports a variety of industrial goods, raw materials and containerized freight between major US ports, industrial hubs and international gateways. The goods that Union Pacific and other railroads transport are fundamental inputs in the economy and are resilient to long-term trends in the business cycle. We believe Union Pacific offers a compelling investment opportunity as its substantial infrastructure investments, relative cost advantages, limited leverage and the essential nature of the products it delivers provides the company with what we believe is one of the widest moats in the transportation sector. We also like that Union Pacific has a shareholder-oriented management team that is focused on growing earnings while returning capital to shareholders.”