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10 Best Dividend Stocks Owned by Billionaires

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Value stocks that pay rising and reliable dividends might not be sexy, but if they're good enough for two of the wealthiest people on the planet, you might want to take a look, too.

Bill Gates is the richest person in the world, with a net worth of $86 billion, according to Forbes. Warren Buffett, arguably the greatest investor of all time, has a net worth of $76 billion. In addition to a friendship and commitment to charitable causes, Microsoft (symbol MSFT) co-founder Gates and Berkshire Hathaway (BRK.B) chairman Buffett share an affinity for relying on big, solid dividend stocks as the foundation of a buy-and-hold portfolio.

We sifted through the respective holdings of Gates and Buffett looking for dividend stocks with a promising combination of value, yield and dividend growth. Keep in mind that these are not simply the stocks with the highest yields. After all, there's more to long-term dividend investing than that. Notes Harvey Malovich, co-founder of dividend-tracking website Longrundata.com, of our 10 stock picks: "While some of their yields are low, it's their dividend growth rates that make them shine."

Data is as of April 14, 2017, unless otherwise indicated. Click on symbol links for current share prices and more.

SEE ALSO: 25 Dividend Stocks You Can Buy and Hold Forever

(Stocks are listed in alphabetical order. Dividend yield is calculated based on the last four quarterly dividend payments. Analyst stock ratings are per Zacks. Ten-year annualized dividend growth rates supplied by Longrundata.com. The average dividend growth rate for qualifying stocks in the Dow Jones industrial average is 11.1%. Gates's holdings were identified with the help of S&P Global Market Intelligence and through regulatory filings, and represent stocks held by the Bill & Melinda Gates Foundation Trust as well as by Gates's personal wealth management firm, Cascade Investment. Buffett's holdings represent the shares owned by Berkshire, as determined by regulatory filings, annual reports and other public disclosures.)

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