Bill Gates’ 5 Dividend Stocks

In this article, we discuss Bill Gates’ 5 dividend stocks. If you want to read our detailed analysis of Bill Gates’ investment philosophy and his major investments, go directly to read Bill Gates’ 11 Dividend Stocks. 

5. Ecolab Inc. (NYSE:ECL)

Bill Gates’ Stake Value: $883,936,654

Ecolab Inc. (NYSE:ECL) is a global leader in water, hygiene, and energy technologies and services. The company provides water treatment, pollution control, and energy conservation services to various industries. It is one of the best dividend stocks on our list as the company has been raising its payouts for 31 consecutive years. The company pays a quarterly dividend of $0.53 per share and has a dividend yield of 1.16%, as of November 15.

At the end of Q3 2023, the Gates Foundation owned over 5.2 million shares in Ecolab Inc. (NYSE:ECL), worth nearly $884 million. The company represented 2.27% of the firm’s 13F portfolio.

As of the close of Q2 2023, 56 hedge funds in Insider Monkey’s database reported having stakes in Ecolab Inc. (NYSE:ECL), up from 53 in the previous quarter. The consolidated value of these stakes is $2.3 billion.

4. Caterpillar Inc. (NYSE:CAT)

Bill Gates’ Stake Value: $2,007,536,622

Caterpillar Inc. (NYSE:CAT) is a multinational corporation that primarily manufactures construction, mining, and agricultural equipment. The Gates Foundation held over 7.3 million shares in the company at the end of the third quarter of 2023, valued at over $2 billion. The company made up 5.15% of the hedge fund’s 13F portfolio.

Caterpillar Inc. (NYSE:CAT) currently offers a quarterly dividend of $1.30 per share and has a dividend yield of 2.07%, as of November 15. With a 29-year track record of consistent dividend growth, CAT is one of the best dividend stocks on our list.

At the end of Q2 2023, 50 hedge funds tracked by Insider Monkey owned stakes in Caterpillar Inc. (NYSE:CAT), compared with 52 in the previous quarter. These stakes have a collective value of $2.5 billion.

3. Waste Management, Inc. (NYSE:WM)

Bill Gates’ Stake Value: $5,371,123,399

Waste Management, Inc. (NYSE:WM) is a leading provider of comprehensive waste management and environmental services in North America. On November 7, the company declared a quarterly dividend of $0.70 per share, which was consistent with its previous dividend. It has raised its payouts for 20 consecutive years, which makes WM one of the best dividend stocks on our list. The stock has a dividend yield of 1.64%, as of November 15.

Out of the 910 hedge funds in Insider Monkey’s database at the end of Q2 2023, 39 funds held investments in Waste Management, Inc. (NYSE:WM). The collective value of stakes owned by these hedge funds is roughly $7 billion.

2. Canadian National Railway Company (NYSE:CNI)

Bill Gates’ Stake Value: $5,939,385,727

Canadian National Railway Company (NYSE:CNI) is a Canada-based freight railway network. The company operates a wide range of goods, including raw materials, finished products, commodities, and goods for various industries such as agriculture, mining, forestry, manufacturing, and retail. At the end of Q3 2023, the Gates Foundation owned nearly 55 million shares in the company, worth $6 billion. The company accounted for 15.26% of the firm’s 13F portfolio.

Canadian National Railway Company (NYSE:CNI), one of the best dividend stocks on our list, has been growing its dividends consistently for the past 23 years. The company offers a quarterly dividend of C$0.79 per share and has a dividend yield of 2.01%, as of November 15.

As of the end of Q2 2023, 38 hedge funds tracked by Insider Monkey owned stakes in Canadian National Railway Company (NYSE:CNI), compared with 39 in the preceding quarter. The consolidated value of these stakes is over $12.8 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Bill Gates’ Stake Value: $12,404,608,178

Microsoft Corporation (NASDAQ:MSFT) was the largest holding of the Gates Foundation at the end of Q3 2023. The hedge fund owned MSFT stakes worth over $12.4 billion in the company, which made up 31.8% of the firm’s 13F portfolio.

Microsoft Corporation (NASDAQ:MSFT) has been rewarding shareholders with growing dividends for the past 17 years. The company offers a quarterly dividend of $0.75 per share and has a dividend yield of 0.81%, as of November 15.

Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among hedge funds with 300 funds owning stakes in the company, according to Insider Monkey’s database. The collective value of these stakes is nearly $70 billion.

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