Centi-Billionaire Bill Gates’ Top 5 Dividend Stocks

2. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 39
Bill & Melinda Gates Foundation Trust’s Equity Stake: $5.94 Billion
Dividend Yield 1.90%

Montreal, Canada-based Canadian National Railway Company (NYSE:CNI) engages in rail and related transportation business. It offers rail services, including equipment, custom breakage services, Trans loading and distribution, business development, and real estate.

Canadian National Railway Company (NYSE:CNI) is the third largest holding in the Bill & Melinda Gates Foundation Trust portfolio, with stakes worth $5.94 billion. The Trust has held stakes in the company since 2012 and has paid dividends for 25 years. Canadian National Railway Company (NYSE:CNI) currently pays a quarterly dividend of $0.58 per share with a yield of 1.90%. Gates annual income from the company stands at about $125 million.

As of the end of Q3 2023, 39 hedge funds tracked by Insider Monkey owned stakes in Canadian National Railway Company (NYSE:CNI), compared with 38 in the preceding quarter. The consolidated value of these stakes is over $11.22 billion.

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