Bill Gates’ 5 Dividend Stocks To Buy

4. Caterpillar Inc. (NYSE:CAT)

Bill Gates’ Stake: $2,174,243,051

With about three decades of consistent dividend increases, Caterpillar Inc. (NYSE:CAT) ranks fourth in our list of the best dividend stocks in Bill Gates’ 2024 portfolio. The Bill & Melinda Gates Foundation owns a $2.2 billion stake in Caterpillar Inc. (NYSE:CAT).

A total of 48 hedge funds tracked by Insider Monkey had stakes in Caterpillar Inc. (NYSE:CAT).

Diamond Hill Large Cap Strategy made the following comment about Caterpillar Inc. (NYSE:CAT) in its Q3 2023 investor letter:

“Caterpillar Inc. (NYSE:CAT), the world’s leading manufacturer of construction and mining equipment, also performed well this quarter. Caterpillar has managed to leverage increased capital investment from various end markets, contributing to better than expected fiscal results for Q2. The company is poised to be one of the largest beneficiaries of several government funding initiatives, including the IRA (Inflation Reduction Act) bill, CHIPS Act and infrastructure bill. These measures are expected to support construction spending for several years, providing a robust backdrop for Caterpillar’s continued growth.”