Bill Gates’ Top 5 Dividend Stocks

4. Deere & Company (NYSE:DE)

Bill Gates’ Stake Value: $1,308,079,000
Dividend Yield as of November 17: 1.11%

Deere & Company (NYSE:DE) is an American manufacturing company that specializes in agricultural machinery and other related products. The company has a very long track record of dividends, paying regular dividends to shareholders since 1990. Moreover, it has raised its dividends at a CAGR of 11% in the past five years. Currently, the company pays a per share dividend of $1.13 every quarter, with a dividend yield of 1.11%, as of November 17.

During Q3 2022, The Gates Foundation purchased additional 3 million shares in the company, increasing its position by 336%. The fund’s total DE stake amounted to over $1.3 billion at the end of Q3. The company made up 3.84% of Bill Gates’ portfolio.

In November, DA Davidson raised its price target on Deere & Company (NYSE:DE) to $445 with a Buy rating on the shares, ahead of the company’s Q4 earnings. The firm presented a positive outlook on US farm income per acre.

As of the close of Q2 2022, 54 hedge funds in Insider Monkey’s database owned stakes in Deere & Company (NYSE:DE), with a total value of over $1.58 billion.

ClearBridge Investments mentioned Deere & Company (NYSE:DE) in its Q3 2022 investor letter. Here is what the firm has to say:

“For example, we believe that farm equipment manufacturer Deere & Company (NYSE:DE) continues to benefit from both a strong farm economy and product innovations that directly benefit farmers’ productivity while also reducing their environmental footprint. The company has also demonstrated excellent execution, highlighted by capturing market share and maintaining margins despite dealing with a labor strike and elevated supply chain costs.”