5 High Dividend Stocks Picked By Billionaire Ray Dalio

3. AbbVie Inc. (NYSE:ABBV)

Bridgewater Associates’ Stake Value: $85,852,598
Dividend Yield as of November 22: 4.45%

AbbVie Inc. (NYSE:ABBV) is next on our list of the best dividend stocks in billionaire Ray Dalio’s portfolio. The pharmaceutical company has raised its payouts for 51 years straight and it offers a quarterly dividend of $1.55 per share. As of November 22, the stock has a dividend yield of 4.45%.

Insider Monkey’s database of Q3 2023 indicated that 73 hedge funds owned stakes in AbbVie Inc. (NYSE:ABBV), compared with 74 in the preceding quarter. The collective value of these stakes is over $3.27 billion.

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