Take for example J.D. Rockefeller. A name that has been synonymous with wealth for almost 150 years…
In 1923, Rockefeller testified before a senate committee where it was disclosed he owned “Standard Oil stock… paying an annual dividend of $11,946,622”!
Remember that was in 1923 - one online source, indicated that would be the equivalent of $216,803,942.62 Today!
Yep - over $216 million… Every year
Warren Buffett is a more recent example.
It’s estimated that in 2024 Warren will gather up almost $6 billion dollars in dividends.
What many people don’t realize is most of Buffett’s investments pay a dividend!
Where’s all this money coming from?
$991 million from BofA
$878 Million from Apple
$843 Million from Occidental Petroleum
$736 Million from Coca Cola
Another billionaire investor, Bill Gates is projected to make over $464.5 Million in dividends - Every year!
Gates is a big buyer of dividend stocks. He owns 18M shares of Waste Management (WM) with a $2.60 per share payout.
Gates owns 10M shares of Canadian National Railway (CNI) paying $2.28 a share.
He also owns 7M shares of Caterpillar (CAT) paying a whopping $4.80 a share.
That’s $103 million a year in dividends - just from 3 stocks!