Billionaire in uncertain macroeconomic conditions Ray Dalio called for stocks to fall 20% if the US Federal Reserve hikes interest rates to 4.5%.
his hedge fund, Bridgewater Associates, holds around 985 positions. The dividend stocks below are Dalio’s top two holdings.
Considering that Bridgewater is the largest hedge fund in the world with $154 billion assets under managementand Dalio follows up rocket companies RKT co-founder Daniel Gilbert Among the richest billionaires with a net worth of $22 billion, investors should follow his lead:
See also: The founder of the world’s largest hedge fund rails against the Fed and predicts a 20% price decline
- Procter & Gamble Co. PG offers a dividend yield of 2.64%, or $3.65 per share annually on quarterly payments, with a track record of Dividend Kings growing its dividends for 66 years. The company’s range of brands (ie, Tide Laundry Detergent, Charmin Toilet Paper, Pantene Shampoo and Pampers Diapers) includes more than 20, each generating over $1 billion in annual worldwide sales. Procter & Gamble returned nearly $19 billion in value to shareholders in fiscal 2022 in over $8.8 billion in dividend payments and $10 billion in share repurchases.
- Johnson&Johnson JNJ offers a dividend yield of 2.74%, or $4.52 per share annually, makes quarterly payments, and has an outstanding track record of growing its dividends for 60 years. The world’s largest and most diverse healthcare company operates through three business segments (Pharmaceuticals, Medical Devices & Diagnostics, and Consumer). On September 14, Johnson & Johnson announced that its board of directors had approved the repurchase of up to $5 billion of the company’s common stock.
See also: Billionaire Ray Dalio calls the Fed “naive and inconsistent” for raising interest rates
