Bill Gates, the eighth richest person in the world, has a well-documented affinity for dividend income. This investment preference is clearly reflected in the staggering $463.2 million his portfolio is expected to earn him this year.
Gates’ investment strategy, rooted in choosing companies with high dividend yields, reflects his commitment to stable, long-term income streams. The Bill & Melinda Gates Foundation Trust’s most recent 13F filing shows that a significant portion of this income is generated from five key stocks.
Canadian National Railway Co (NYSE:CNI)
Canadian National Railway, a leading North American transportation and logistics company, is a key part of Gates’ portfolio. He owns 54,826,786 shares, valued at approximately $6.88 billion. The company’s quarterly dividend of $0.61 per share leads to Gates’ annual income of $133,777,357.80 from this investment – $365,511.90 per day. Canadian National Railway has a yield of 1.85%.
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Microsoft Corp (NASDAQ:MSFT)
As the founder of Microsoft, Gates’ investment in the tech giant remains a significant part of his portfolio. With 38,210,869 shares owned and a dividend rate of $0.75 per share, Gates’ annual income from Microsoft amounts to $114,632,607 – $313,203.84 per day. This investment is a nod not only to his legacy, but also to his belief in the company’s continued innovation and market dominance. Microsoft currently has a dividend yield of 0.73%
Waste Management Inc (NYSE:WM)
Waste Management Inc, North America’s largest waste management company, aligns with Gates’ sustainable investment principles. Gates owns 35,234,344 shares, worth just over $6.3 billion. With a quarterly dividend payment of $0.75 per share, his annual income from that is $105,703,032 – $288,806.10 per day. Waste Management’s current yield is 1.46%.
Caterpillar Inc (NYSE:CAT)
Caterpillar Inc, known for its construction and mining equipment, is another key part of Gates’ portfolio. He owns 7,353,614 shares, worth approximately $2.17 billion. The quarterly dividend of $1.30 per share brings his annual income from Caterpillar to $38,238,792.80 – $104,477.58 per day. Caterpillar currently has a yield of 1.43%.
Deere & Co (NYSE:DE)
Deere & Company, a leader in agricultural and construction equipment, is a significant investment for Gates. With 3,917,693 shares, worth approximately $1.42 billion, and with a dividend of $1.47 per share, Gates’ annual income from Deere is $20,917,382.64 – $57,151.32 per day. Deere & Company currently pays a dividend yield of 1.49%.
These five investments contribute more than $413 million to Gates’ annual dividend income, which amounts to $1,129,150.74 per day. While Gates’ investment strategy has been incredibly successful, it is important for individual investors to be aware that copying the strategies of leading investors like Gates may not always align with their personal financial goals or risk tolerance. Each investor should tailor their approach to their own unique financial situation and investment objectives.
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This article Bill Gates brings in more than $1.26 million per day in dividend income. Here are the 5 stocks paying him the most, originally appearing on Benzinga.com
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