Bill Gates earns more than $1.26 million a day in dividends. Here are the top 5 stocks he pays the most in dividends

Bill Gates, the world's eighth richest man, has a penchant for dividend income. His investment portfolio, which is expected to bring him a staggering $463.2 million this year, clearly reflects this preference.

Gates' investment strategy is based on selecting companies with high dividend yields, reflecting his commitment to a stable, long-term income stream. The recent 13F filing of the Bill & Melinda Gates Foundation Trust shows that a significant portion of its income comes from five major stocks.

Canadian National Iron Road Corporation (NYSE:CNI)

Canadian National Railway, North America's top transportation and logistics company, figures prominently in Gates' portfolio. He owns 54,826,786 shares, valued at about $6.88 billion. The company pays a quarterly dividend of $0.61 per share, and Gates earns $133,777,357.80 per year, or $365,511.90 per day, from this investment. Canadian National Railway Corporation has a yield of 1.85%.

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Microsoft Corporation (NASDAQ: MSFT)

As the founder of Microsoft, Gates' investment in the technology giant remains an important part of his portfolio. Gates owns 38,210,869 shares of Microsoft stock, which pays a dividend of $0.75 per share, and earns $114,632,607 per year, or $313,203.84 per day, from Microsoft. This investment is not only a tribute to Gates' legacy, but also his belief in the company's continued innovation and market dominance. Microsoft's current dividend yield is 0.73%.

Waste Management Corporation (NYSE:WM)

Waste Management Inc, the largest waste management company in North America, is in line with Gates' sustainable investment principles. Gates owns 35,234,344 shares of the company, valued at just over $6.3 billion. At a quarterly dividend of $0.75 per share, he earns $105,703,032 per year, or $288,806.10 per day. Waste Management's current yield is 1.46%.

Caterpillar Inc (NYSE:CAT)

Caterpillar Inc, famous for its construction and mining equipment, is another important part of Gates' portfolio. He owns 7,353,614 shares valued at about $2.17 billion. The quarterly dividend of $1.30 per share brings his annual income from Caterpillar to $38,238,792.80, or $104,477.58 per day. Caterpillar's current yield is 1.43%.

Deere & Company (NYSE:DE)

Deere & Company is a leader in the plumbing and construction machinery sectors and a significant investment for Gates. Gates owns 3,917,693 shares valued at approximately $1.42 billion, with a dividend of $1.47 per share, and receives annual income from Deere & Company of $20,917,382.64 - $57,151.32 per day. Deere & Company's current dividend yield is 1.49%.

These five investments contributed over $413 million in annual dividend income to Gates, or $1,129,150.74 per day. While Gates' investment strategy has been incredibly successful, it is important for individual investors to remember that replicating the strategies of famous investors such as Gates does not always totalize to meet one's financial goals or risk tolerance. Each investor should tailor his or her investment approach to his or her unique financial situation and investment objectives.

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This article, "Bill Gates Earns More Than $1.26 Million In Dividends Every Day. Here Are The 5 Stocks That Pay The Most Dividends," was originally published on benzinga.com

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