Bill Gates Portfolio: Top 5 Dividend Stock Picks

In this article, we discuss Bill Gates’ top 5 dividend stocks. If you want to read our detailed analysis of the Bill & Melinda Gates Foundation’s performance, go directly to read Bill Gates Portfolio: Top 10 Dividend Stock Picks.

5. Canadian National Railway Company (NYSE:CNI)

Dividend Yield as of August 25: 1.82%
Bill Gates’ Stake Value: $1,156,038,000

Canadian National Railway Company (NYSE:CNI) is a Montreal-based freight railway, controlling over 31,000 km of track in Canada and North America. The company has been a part of the Gates Foundation since 2012. In Q2 2022, the hedge fund sold roughly $600 million worth of stake in the company, reducing its position by 22%. The fund’s total stake in the company amounted to over $1.15 billion in Q2, which represented 6.53% of its 13F portfolio.

Canadian National Railway Company (NYSE:CNI) has raised its dividends 22 years in a row at an average annual rate of 18%. It currently pays a quarterly dividend of C$0.7325 per share, with a dividend yield of 1.82%, as of August 25.

In July, National Bank raised its price target on Canadian National Railway Company (NYSE:CNI) to C$166 and maintained a Sector Perform rating on the shares.

At the end of Q2 2022, 41 hedge funds in Insider Monkey’s database owned stakes in Canadian National Railway Company (NYSE:CNI), growing from 38 in the previous quarter. These stakes are valued at over $7.4 billion. Among these funds, TCI Fund Management was the company’s leading stakeholder in Q2.