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Bill Gates, the ninth richest person in the world with an estimated fortune of $132.2 billion, has mastered the art of dividend investing. His portfolio, based on the latest 13F filing with the Bill & Melinda Gates Foundation Trust, generates a staggering annual dividend income of $476,619,848.15. This translates to an average of $1,305,807.80 per day.
Regardless of stock price fluctuations over the next year, Gates is expected to earn nearly half a billion dollars in dividends. This highlights the importance of focusing on income generation rather than relying solely on capital growth. Notably, more than 70% of the stocks in Gates’ portfolio (17 out of 24) pay dividends, underscoring his preference for income-producing assets.
Here’s a closer look at the three companies paying Bill Gates the most in dividends:
Canadian National Railway
Gates owns a whopping 54,826,786 shares Canadian national railway company (NYSE:CNI), currently valued at $6,655,423,552.54. The company pays a dividend every quarter, with the final payment being $0.6271 per share. Over the last twelve months, the company has paid out $2.38 per share, which translates into an impressive $130,487,750.68 in dividends for Gates. Canadian National Railway has a dividend yield of 1.93% and a five-year dividend growth rate (CAGR) of 10.58%.
Microsoft
Gates owns 36,499,597 shares of Microsoft Corporation (NASDAQ:MSFT), worth $16,137,931,817.58, even after cutting his stake by about 4.5% earlier this year. With an annual dividend of $3.00 per share, Gates can expect to receive $109,498,791.00 from his Microsoft holdings over the next twelve months. The company has a 19-year track record of dividend growth and a 5-year dividend growth rate (CAGR) of 10.23%.
Waste management
Gates owns 35,234,344 shares Waste Management, Inc. (NYSE:WM), currently worth $7,015,510,233.84. The company maintains an annual dividend of $3.00 per share, meaning Gates is expected to earn $105,703,032.00 from Waste Management in the coming year. Waste Management boasts an impressive 20 years of consecutive dividend growth and a 5-year dividend growth rate (CAGR) of 8.21%.
Gates’ highest-yielding stocks
Although the above companies pay Gates the most dividends, they are not the highest-yielding stocks in his portfolio. Some notable high-yield positions include:
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Kroon Kasteel Inc (NYSE:CCI): Gates owns 1,420,072 shares (6.29% yield), which is expected to generate $8,889,650.72 in annual dividends.
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Kraft Heinz Co (NASDAQ:KHC): Gates owns 2,622,600 shares (4.93% yield), which is expected to generate $4,196,160.00 in annual dividends.
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United Parcel Service, Inc. (NYSE:UPS): Gates owns 755,089 shares (4.85% yield), which is expected to generate $4,923,180.28 in annual dividends.
Bill Gates’ dividend income depends on these companies maintaining and growing their dividends over time. His portfolio is a testament to the power of dividend investing and the importance of selecting high-quality, dividend-paying stocks. By focusing on generating income, investors can steadily build their wealth, even during periods of market volatility. However, it is crucial to remember that dividend investing involves risks and thorough research should be conducted before making any investment decisions.
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This article Bill Gates Makes More Than $1.3 Million a Day in Dividend Income – Here Are the 3 Stocks That Pay Him the Most originally appeared on Benzinga.com
