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Kraft Heinz Is One of the Top Dividend Payers in Bill Gates' $33 Billion Foundation Portfolio, an Income Play Other Investors Can Study
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The Motley Fool
An interesting thing about famous investors is that they're not all investors by trade.
Thanks to his Gates Foundation, a charitable organization, Gates is, in fact, a famous investor.
Further down the list is Kraft Heinz (KHC -1.54%), arguably one of the foundation's more intriguing holdings.
With a yield of 6.2%, Kraft Heinz checks the dividend box, but it slashed the payout to conserve cash and reduce debt.
The Gates Foundation got involved several years later, potentially sensing a turnaround opportunity.