Bill Gates Just Bought 3M More Shares of This 'Boring' Stock, Which Pays Him $78M Every Quarter
Bill Gates' Cascade Investment acquired 3.06 million shares of Republic Services (RSG) between August 28 and September 11, increasing his stake to 117.05 million shares, or 38% of the company. Republic Services raised its quarterly dividend to $0.67 per share, with Gates set to receive $78.43 million from the upcoming payout. The company reported Q2 adjusted EPS of $1.85 and revenue of $4.43 billion, with full-year 2026 guidance of $7.23-$7.28 EPS on $17.20-$17.30 billion revenue.
How this was made
The 30-second read
Why it matters
The insider purchase underscores confidence in the company's dividend aristocrat trajectory and may attract income‑seeking investors.
Market read
Large insider buying combined with dividend growth and solid Q2 earnings could drive short‑term price appreciation.
What to watch
Rising input costs and flat unit sales could pressure margins despite dividend growth.
Background
Bill Gates' private holding company Cascade Investment disclosed a sizable increase in its Republic Services stake, coinciding with the company's recent dividend raise and Q2 earnings beat.
Ticker impact
Bill Gates' Cascade Investment increased its stake by 3.06 million shares, bringing total ownership to 117.05 million shares (≈38% of RSG).
Potential short-term upside as investors interpret the purchase as a bullish signal.
The purchase size (~$1.2B at $40/share) is material for a mid‑cap waste‑management firm and represents a fresh disclosure from regulatory filings.
Market effects
Highlights dividend‑focused investment interest in the waste‑management sector.
May lift sentiment for U.S. infrastructure‑related equities.
Limited to U.S. markets; no direct global macro effect.
Counterpoint
The high concentration of ownership could raise governance concerns and limit float, potentially increasing volatility.
Key entities
- individualBill Gates
Co‑founder of Microsoft and principal of Cascade Investment.
- companyRepublic Services
U.S. waste‑management firm (NYSE:RSG).
