Bill Gates’ Top 5 Dividend Stocks

2. Canadian National Railway Company (NYSE:CNI)

Bill Gates’ Stake Value: $5,920,745,000
Dividend Yield as of November 17: 1.74%

Canadian National Railway Company (NYSE:CNI) is a Canada-based transport company. It holds a 22-year track record of consistent dividend growth. Currently, the company pays a quarterly dividend of C$0.7325 per share and has a dividend yield of 1.74%, as recorded on November 17.

Canadian National Railway Company (NYSE:CNI) was the third-largest holding of The Gates Foundation at the end of Q3 2022. The hedge fund owned over 54.8 million CNI shares, worth roughly $6 billion, raising its position in the company by 434%. The company represented 17.41% of the firm’s 13F portfolio.

In October, BMO Capital lifted its price target on Canadian National Railway Company (NYSE:CNI) to C$180 with an Outperform rating on the shares.

As of the end of Q2 2022, 42 hedge funds tracked by Insider Monkey reported owning stakes in Canadian National Railway Company (NYSE:CNI), up from 41 a quarter earlier. The total value of those stakes was over $7 billion, compared with $8.1 billion worth of CNI shares owned by hedge funds in the preceding quarter.