Ray Dalio’s Bridgewater Associates Portfolio: Top 5 Dividend Stocks

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

Bridgewater Associates’ Stake Value: $970,175,000

The Procter & Gamble Company (NYSE:PG) is an Ohio-based consumer goods company that manufactures household and personal care products. The company was a part of 71 hedge fund portfolios in Q2 2022, down from 72 in the previous quarter, as shown by Insider Monkey’s data. The stakes owned by hedge funds have a total value of $5.5 billion.

The Procter & Gamble Company (NYSE:PG) was the largest holding of Bridgewater Associates in Q2 2022. The hedge fund owned over 6.7 million shares in the company, worth $970.1 million. The company made up 4.11% of Ray Dalio’s portfolio.

In July, The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.9133 per share, in line with its previous dividend. The company has been making consistent dividend payments for the past 132 years and has raised its payouts for 66 years in a row. As of August 29, the stock’s dividend yield stood at 2.58%.

Highlighting the company’s business model in the current economic cycle, Barclays set a $154 price target on The Procter & Gamble Company (NYSE:PG) in August, while maintaining an Overweight rating on the shares.

You can also take a look at10 Best Dogs of the Dow to Invest In and 10 Under-The-Radar Dividend Stocks to Buy Now

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