Billionaire Ray Dalio’s Top 5 Dividend Stocks

1. The Procter & Gamble Company (NYSE:PG)

Bridgewater Associates’ Stake Value: $835,201,000
Dividend Yield as of November 16: 2.57%

The Procter & Gamble Company (NYSE:PG), an American multinational consumer goods company, was the largest holding of Bridgewater Associates at the end of Q3 2022. The hedge fund owned over 6.6 million PG shares, worth over $835.2 million. The company made up 4.22% of billionaire Ray Dalio’s portfolio.

The Procter & Gamble Company (NYSE:PG) is one of the strongest dividend companies in the US. The company has been making consistent dividend payments for the past 132 years and has also raised its payouts for 66 years in a row. It currently pays a quarterly dividend of $0.9133 per share and has a dividend yield of 2.57%, as of November 16.

In November, Wells Fargo lifted its price target on The Procter & Gamble Company (NYSE:PG) to $155 with an Overweight rating on the shares, highlighting the company’s business model post-pandemic.

As of the close of Q2 2022, 71 hedge funds owned stakes in The Procter & Gamble Company (NYSE:PG), compared with 72 a quarter earlier, as per Insider Monkey’s database. These stakes hold a consolidated value of over $5.5 billion.

You can also take a look at Billionaire Seth Klarman’s Top 9 Dividend Stock Picks and 15 Best Consistent Dividend Stocks to Buy

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