5 Best Dividend Stocks to Buy According to Billionaire Mario Gabelli

2. ONEOK, Inc. (NYSE: OKE)

Gabelli’s Stake Value: $9,871,000
Percentage of Mario Gabelli’s 13F Portfolio: 0.0866%
Dividend Yield: 6.82%
Number of Hedge Fund Holders: 20

ONEOK, Inc. (NYSE: OKE) deals with natural gas collection, processing, storage, and transportation in the U.S. It recently announced a $0.935 per share quarterly dividend in line with its previous quarterly dividend payout. The stock ranks 2nd in the list of best dividend stocks to buy according to billionaire Mario Gabelli.

Earlier this month, Credit Suisse, initiated a coverage on the ONEOK, Inc. (NYSE: OKE) stock, rating it as “Neutral” and has set a price target of $53.