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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Bill Gates Just Bought 3M More Shares of This 'Boring' Stock, Which Pays Him $78M Every Quarter

Bill Gates Republic Services United States
Bill Gates now owns more than a 38% stake in Republic Services. (Credit: Facebook.com)

Bill Gates has been quietly building a huge stake in waste management firm Republic Services (NYSE: RSG), which is on track to become a dividend aristocrat, having raised its dividend for roughly 22 consecutive years.

Note that to be a formal S&P 500 dividend aristocrat, a company must increase its dividend for at least 25 straight years.

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