5 High Dividend Stocks Picked By Billionaire Ray Dalio

In this article, we discuss 5 high-dividend stocks picked by billionaire Ray Dalio. If you want to read our detailed analysis of Bridgewater Associates’ performance and recent developments, go directly to read 12 High Dividend Stocks Picked By Billionaire Ray Dalio. 

5. Philip Morris International Inc. (NYSE:PM)

Bridgewater Associates’ Stake Value: $81,966,721
Dividend Yield as of November 22: 5.61%

Philip Morris International Inc. (NYSE:PM) is a leading international tobacco company focused on manufacturing and marketing tobacco products worldwide. The company has been growing its dividends for 15 consecutive years and currently pays a quarterly dividend of $1.30 per share. The stock’s dividend yield on November 22 came in at 5.61%.

The number of hedge funds tracked by Insider Monkey owning stakes in Philip Morris International Inc. (NYSE:PM) jumped to 62 in Q3 2023, from 54 in the previous quarter. The consolidated value of these stakes is over $4.7 billion.

4. Kimberly-Clark Corporation (NYSE:KMB)

Bridgewater Associates’ Stake Value: $84,442,729
Dividend Yield as of November 22: 3.86%

Kimberly-Clark Corporation (NYSE:KMB) is a multinational company primarily engaged in the manufacturing and marketing of personal care and hygiene products. On November 16, the company declared a quarterly dividend of $1.18 per share, which was consistent with its previous dividend. The company’s dividend growth streak currently stands at 51 years, which makes KMB one of the best dividend stocks on our list. The stock has a dividend yield of 3.86%, as of November 22.

At the end of Q3 2023, 31 hedge funds in Insider Monkey’s database owned investments in Kimberly-Clark Corporation (NYSE:KMB), compared with 38 in the previous quarter. The total value of these stakes is over $790.4 million.

3. AbbVie Inc. (NYSE:ABBV)

Bridgewater Associates’ Stake Value: $85,852,598
Dividend Yield as of November 22: 4.45%

AbbVie Inc. (NYSE:ABBV) is next on our list of the best dividend stocks in billionaire Ray Dalio’s portfolio. The pharmaceutical company has raised its payouts for 51 years straight and it offers a quarterly dividend of $1.55 per share. As of November 22, the stock has a dividend yield of 4.45%.

Insider Monkey’s database of Q3 2023 indicated that 73 hedge funds owned stakes in AbbVie Inc. (NYSE:ABBV), compared with 74 in the preceding quarter. The collective value of these stakes is over $3.27 billion.

2. Target Corporation (NYSE:TGT)

Bridgewater Associates’ Stake Value: $89,896,064
Dividend Yield as of November 22: 3.37%

Target Corporation (NYSE:TGT) is a prominent retail company operating in the US, focusing on providing a wide range of products and services. The company has been rewarding shareholders with growing dividends for the past 52 years. It currently pays a quarterly dividend of $1.10 per share and has a dividend yield of 3.37%, as of November 22.

Target Corporation (NYSE:TGT) was a popular buy among elite funds during the third quarter of 2023, as the company ended the quarter with 58 hedge fund positions, up from 45 in the previous quarter, according to our database. The collective value of stakes owned by these hedge funds is more than $1.3 billion.

1. Cisco Systems, Inc. (NASDAQ:CSCO)

Bridgewater Associates’ Stake Value: $90,180,518
Dividend Yield as of November 22: 3.23%

Cisco Systems, Inc. (NASDAQ:CSCO) tops our list of the best dividend stocks. The multinational tech conglomerate has been growing its dividends for 16 consecutive years. The company offers a quarterly dividend of $0.39 per share and has a dividend yield of 3.23%, as of November 22.

With a total stake value of over $1.64 billion, 64 hedge funds in Insider Monkey’s database owned positions in Cisco Systems, Inc. (NASDAQ:CSCO). In the previous quarter, 55 hedge funds held investments in the company, worth over $1.4 billion in total.

You can also take a look at 10 Stocks Hedge Funds Are Talking About and Billionaire Steven Cohen’s Top High Dividend Stock Picks