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Bill Gates Diversifies His Portfolio With These 2 Blue Chip Dividend Paying Stocks

Stock Markets Nov 23, 2022 18:10
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© Reuters. Bill Gates Diversifies His Portfolio With These 2 Blue Chip Dividend Paying Stocks
 
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Benzinga - After the Bill & Melinda Gates Foundation was formally established in 1999, it received an endowment estimated at more than $22 billion in early 2000, ranking as the largest philanthropic trust in the United States. The foundation has spent almost $80 billion on causes that include fighting malaria, HIV/AIDS and the coronavirus since it was founded.

Additionally, Warren Buffett has now donated at least $48 billion to charity, with much of it going toward the Bill & Melinda Gates Foundation. Buffett and Bill Gates have been good friends for at least 30 years, after hitting it off the first time they met in 1991.

Here are two dividend stocks Gates owned as of the third quarter of 2022.

Also Read: After Bill Gates Dumps Billions In Berkshire To Buy Microsoft (NASDAQ:MSFT), His Quiet Biotech Portfolio Has Made A New Trade

The Kraft Heinz (NASDAQ:KHC) Company (NASDAQ: KHC) is offering a dividend yield of 4.12% or $1.60 per share annually, through quarterly payments, with an infrequent track record of increasing its dividends. Kraft Heinz is one of the largest food and beverage producers in the world and is committed to investing in world-class brands and long-term value creation.

Kraft Heinz had 2021 net sales of approximately $26 billion, with over 24 brands including Kool-Aid, JELL-O, Ore-Ida, and Velveeta.

For the nine months ending Oct. 26, 2022, Kraft Heinz North America segment had an organic net sales growth rate of 9.2% year-over-year and its International segment had a growth rate of 10.5% year-over-year, bringing the company's total growth rate to 9.5% year-over-year.

Gates opened a new stake in Kraft Heinz during the third quarter, purchasing more than 2.6 million shares of its common stock.

FedEx Corporation (NYSE: NYSE:FDX) is offering a dividend yield of 2.61% or $4.60 per share annually, making quarterly payments, with a track record of increasing its dividends once in the past year. FedEx serves more than 220 countries and territories and continues to offer new products and services around the globe.

The total revenue for the fiscal year 2022 was $93.5 billion as the segments include FedEx Express (accounting for 49% of total sales), FedEx Ground (35% of total sales), FedEx Freight (10% of total sales), FedEx Other and eliminations (5% of total sales).

Over the course of the third quarter, Gates increased his stake in FedEx by 1,534,362 shares.

Now Read: Why This Tesla Analyst Says EV Stock Will Be Just Fine, Wants Investors To Look Past Twitter 'Circus'

Photo: Courtesy of OnInnovation on flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Bill Gates Diversifies His Portfolio With These 2 Blue Chip Dividend Paying Stocks
 

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