CCI - 2 High-Yield Dividend Stocks in the Bill and Melinda Gates Foundation's Portfolio to Buy in August
2023-08-17 06:04:00 ET
Valued at more than $36 billion, the portfolio of the Bill & Melinda Gates Foundation Trust includes 22 holdings based on its most-recent filing, many of which are dividend stocks. The Gates Foundation uses the sizable passive income that the portfolio generates to help fund its prodigious philanthropic work.
Of the various stocks that return capital to shareholders, two that stand out among the trust's holdings are United Parcel Service (NYSE: UPS) and Crown Castle (NYSE: CCI) , both of which are high-yield dividend stocks. Below, two fool.com contributors dig into why the foundation values these stocks highly enough to include them in its portfolio and why Main Street investors might also want to add them.
Lee Samaha (UPS): It's not shaping up to be a vintage year for UPS. A weakening economy and protracted labor negotiations with the Teamsters have caused management to lower its full-year guidance twice this year.
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2 High-Yield Dividend Stocks in the Bill and Melinda Gates Foundation's Portfolio to Buy in August