5 Best Cheap Dividend Stocks to Buy According to Mario Gabelli

3. Hewlett Packard Enterprise Company (NYSE: HPE)

Number of Hedge Fund Holders: 27
Dividend Yield: 2.94%  

Hewlett Packard Enterprise Company (NYSE: HPE) is a Houston-based firm with interests in a wide range of technological sectors. It was founded in 1939 and is placed third on our list of 10 best cheap dividend stocks to buy according to Mario Gabelli. HPE stock has offered investors returns exceeding 64% in the past twelve months. The hedge fund managed by Gabelli owns more than 1.4 million shares in Hewlett that are worth over $23 million, representing 0.2% of their portfolio. GAMCO stake in the company has been trimmed by 10% in the past months. 

Hewlett Packard Enterprise Company (NYSE: HPE) is another dependable option for income investors looking for tips from Gabelli. On May 9, the firm declared a quarterly dividend of $0.12 per share, in line with previous. 

At the end of the first quarter of 2021, 27 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Hewlett Packard Enterprise Company (NYSE: HPE), down from 30 in the previous quarter worth $923 million.