5 High-Dividend Stocks Picked By Billionaire Ray Dalio

4. U.S. Bancorp (NYSE:USB)

Dividend Yield as of April 10: 5.37%
Bridgewater Associates’ Stake Value: $30,779,720

U.S. Bancorp (NYSE:USB) is an American financial services company, based in Minnesota. On March 29, the company declared a quarterly dividend of $0.48 per share, which was in line with its previous dividend. The company’s shares boast a yield of 5.37%, as of April 10. It is one of the best dividend stocks on our list as it has raised its dividends for 12 years straight.

During Q4 2022, Bridgewater Associates increased its position in U.S. Bancorp (NYSE:USB) by 89%, which took its total stake in the company to over $30.7 million. The company constituted 0.16% of billionaire Ray Dalio’s hedge fund portfolio.

The number of hedge funds tracked by Insider Monkey owning stakes in U.S. Bancorp (NYSE:USB) grew to 58 in Q4 2022, from 52 in the previous quarter. The collective value of these stakes is over $2.6 billion. Among these hedge funds, First Eagle Investment Management was the company’s leading stakeholder in Q4.

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