Below is the list of Bill Gates’ top 5 high dividend stocks. For a comprehensive list and portfolio strategy please see Bill Gates’ Top 10 High Dividend Stocks.
5. Waste Management, Inc. (NYSE: WM)
Waste Management (NYSE: WM) is the second-largest stock holding of Bill & Melinda Gates Foundation Trust, according to the Q4 filings. The trust held 18.63 million shares of Waste Management, representing 9.84% of the overall portfolio. Waste Management is a good dividend stock to hold considering its 18 years of dividend growth history. Its current quarterly dividend of $0.58 per share is yielding over 1.70%.
Waste Management investors should pay attention to a decrease in support from the world’s most elite money managers of late. It was in 37 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 38 positions in the previous quarter.
4. Caterpillar Inc. (NYSE: CAT)
The machinery maker Caterpillar Inc (NYSE: CAT) is one of the well-known dividend stocks for income-oriented investors. It offers a quarterly dividend of $1.03 per share, yielding around 1.77%. The company lifted its dividend in the past seven straight years and it paid uninterrupted dividends in the last 31 years. It is also a member of Bill Gates’ top 10 high dividend stocks list. Gates held 11.26 million shares of Caterpillar at the end of 2020.
Caterpillar was in 53 hedge funds’ portfolios at the end of December compared to 41 positions in the previous quarter.
3. United Parcel Service, Inc. (NYSE: UPS)
Bill & Melinda Gates Foundation Trust has been holding a position in United Parcel Service, Inc. (NYSE: UPS) since 2014 in order to enjoy steady share price appreciation and lofty dividend increases. The company raised dividends in the past 21 straight years. Its dividend yield is around 2.27% despite a 60% share price rally in the last twelve months.
Saturna Capital Corporation stated in the fourth quarter investor letter that United Parcel Service is a smart long-term buy. Here is what Saturna Capital Corporation said:
“UPS is a new holding in the Fund, and we are excited about the opportunity for new management to improve operating metrics after several years of inconsistent performance.”
2. Crown Castle International Corp. (REIT) (NYSE: CCI)
The real estate company Crown Castle International Corp. (NYSE: CCI) is one of the safest dividend stocks amid its well-established business model. The company’s dividend growth rate averages around 8.20% in the past five years. It currently offers a quarterly dividend of $1.33 per share, yielding around 2.96%.
Hedge funds were cutting their exposure. The number of bullish hedge fund positions was cut by 2 lately. Crown Castle International was in 40 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 42 in the previous quarter.
1. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF)
A franchise bottler Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF) offers more than 4.86% dividend yield and it paid dividends every year since 1994. Last year, the company lifted its dividend by 17% to $2.16 per share. Coca-Cola FEMSA is ranked at the first spot in the list of Bill Gates’ top 10 high dividend stocks list. Gates held 6.2 million shares of Coca-Cola FEMSA at the end of the December quarter, representing 1.28% of the overall portfolio. The company is projected to generate $9.29 billion in revenues in 2021.
You can also take a peek at Unknown Billionaire Phill Gross’ Top 10 Stock Picks and 10 Best High Dividend Stocks to Buy According to Billionaire Lee Cooperman.
