Many investors aren't aware that the stock portfolio of Bill Gates, America's wealthiest man, is a matter of public record. Gates invests in the stock market through a trading vehicle called Cascade Investment Group.
Stockpickr decided to sort through Cascade's stockholdings and extract the stocks with the highest yields. These are the stocks that pay dividends to Gates.
One of the high-yielding stocks that Gates owns is PNM Resources(PNM Quote), a company that generates and distributes electricity and natural gas in New Mexico and Texas. Just over two weeks ago, Jefferies & Co. upgraded the stock from hold to buy. The stock, which has a price-to-earnings (P/E) ratio of 14 and a P/E-to-growth (PEG) ratio of 1.7, pays a generous yield of 3.8%. ...
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