Ray Dalio’s Bridgewater Associates Portfolio: Top 5 Dividend Stocks

In this article, we discuss 5 dividend stocks in Ray Dalio’s portfolio. if you want to read our detailed analysis of Bridgewater Associates’ returns and performance, go directly to read Ray Dalio’s Bridgewater Associates Portfolio: Top 10 Dividend Stocks. 

5. Costco Wholesale Corporation (NASDAQ:COST)

Bridgewater Associates’ Stake Value: $580,455,000

Costco Wholesale Corporation (NASDAQ:COST) is an American multinational big-box store company that operates a chain of related retail stores. The company remained popular among elite funds in Q2 2022, as 64 hedge funds in Insider Monkey’s database owned stakes in it, compared with 61 in the previous quarter. These stakes hold a total value of over $4.7 billion.

Costco Wholesale Corporation (NASDAQ:COST) holds a strong dividend history, raising its dividends consistently for the past 18 years. The company pays a quarterly dividend of $0.90 per share, with a dividend yield of 0.68%, as of August 29.

Bridgewater Associates started investing in Costco Wholesale Corporation (NASDAQ:COST) during the first quarter of 2011, purchasing shares worth over $15.5 million. In Q2 2022, the hedge fund owned over 1.2 million COST shares, increasing its position by 2%. The fund’s total stake in the company stood at over $580.4 million, which represented 2.45% of Ray Dalio’s portfolio.

In August, Erste Group upgraded Costco Wholesale Corporation (NASDAQ:COST) to Buy from Hold, as the company showed strong sales growth in recent quarters.

ClearBridge Investments mentioned Costco Wholesale Corporation (NASDAQ:COST) in its Q4 2021 investor letter. Here is what the firm has to say:

“Portfolio gains were led by a diverse group of contributors. Also in consumer discretionary, Costco, which operates a chain of membership-only big-box retail stores, continues to impress as it takes to share and becomes more relevant for the consumer even as the world opens up.”