2 Ray Dalio Dividend Stocks To Add To Your Portfolio In June

2 Ray Dalio Dividend Stocks To Add To Your Portfolio In June

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Ray Dalio, the founder of Bridgewater Associates, grew the firm from a two-bedroom apartment in New York to the biggest hedge fund by assets under management. Despite a decline in AUM following Dalio’s retirement in 2022, Bridgewater Associates still maintains its position as the largest hedge fund globally, with $124 billion in assets as of May 2024.

Bridgewater Associates’ success is attributed to Ray Dalio’s investment strategy, which involves following macroeconomics rather than the performance of individual stocks. This strategy has enabled the firm to maintain stellar performance in all markets, including major recessions such as the one witnessed in 2008.

With the US economy under pressure from high inflation, savvy investors are turning to Bridgewater Associates for investment insights. We have analyzed its stock portfolio and identified two dividend kings worth considering in June 2024.

Procter and Gamble (NYSE:PG), the second-largest consumer goods company in the US with a market cap of $390.20 billion, is a top pick for Bridgewater Associates. The firm owns $4.1 million shares of P&G as of May 26th, 2024. This dividend king has paid increasing quarterly dividends for the last 68 years and currently offers an annual dividend yield of 2.44%, higher than the industry average yield of 2%.

Walmart Inc. (NYSE:WMT) is another dividend king favored by Bridgewater Associates, which owns around 6.9 million shares worth $414.3 million. Walmart is a behemoth retail corporation valued at $526.95 billion, with a strong balance sheet that allows it to maintain dividend payments in all economic cycles, including inflationary periods. The stock has gained more than 20% this year and offers a quarterly dividend of $0.21 per share at a payout ratio of 39.58%.

Consider This Alternative With a 7% to 9% Target Yield

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