Centi-Billionaire Bill Gates’ Top 5 Dividend Stocks

3. Waste Management, Inc. (NYSE:WM)

Number of Hedge Fund Holders: 41
Bill & Melinda Gates Foundation Trust’s Equity Stake: $5.37 Billion
Dividend Yield: 1.59%

Waste Management, Inc. (NYSE:WM) is a defensive investment play by the Bill & Melinda Gates Foundation Trust as the company manages waste. Waste Management, Inc. (NYSE:WM) provides collection services for waste and recyclable materials, such as taking them from their source to a transfer station. These services are always needed, regardless of the economic situation.

As one of the most prominent players in the waste management business, Waste Management, Inc. (NYSE:WM) stands out as one of Bill Gates top dividend stocks. It currently offers a quarterly dividend of $0.70 per share and a yield of 1.59% and has paid dividends for 23 years. Bill & Melinda Gates Foundation Trust has held shares since Q3 2022 valued at $5.37 billion as of the end of Q3 2023. With nearly 35.23 million shares, Michael Larson’s Bill & Melinda Gates Foundation Trust was the company’s leading stakeholder in the third quarter.

Waste Management, Inc. (NYSE:WM) has gained 11% year to date. Insider Monkey’s database of Q3 2023 indicated that 41 hedge funds owned stakes in Waste Management, Inc. (NYSE:WM), compared to 39 in the previous quarter. These stakes are worth roughly $5.9 billion in total. 

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