5 Reliable Dividend Stocks Billionaires Are Loading Up On

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Billionaire Investors: 33
Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) tops our list of the most reliable dividend stocks billionaires are loading up on. The company holds a 16-year streak of dividend growth and currently pays a quarterly dividend of $0.68 per share. Moreover, the company paid $9.7 billion to shareholders in dividends and share repurchases during the first quarter of 2023. As of June 2, the stock has a dividend yield of 0.89%.

At the end of Q1 2023, 289 hedge funds in Insider Monkey’s database owned stakes in Microsoft Corporation (NASDAQ:MSFT), worth collectively nearly $58 billion. Billionaires Terry Smith and Ken Griffin were two of the company’s most prominent stakeholders.

Ariel Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its first-quarter 2023 investor letter:

“Enterprise software provider, Microsoft Corporation (NASDAQ:MSFT) also traded higher in the period alongside the investor enthusiasm for Artificial Intelligence. Microsoft is well positioned as this new technology advances given its large investment in Open AI, the parent company of ChatGPT. Looking ahead, we continue to like Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within Azure, its hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

You can also take a look at 15 Best Healthcare Stocks To Buy Now and 10 Chinese Stocks Billionaires Are Loading Up On

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