5 Best High Yield Dividend Stocks To Buy According to Billionaire Gabelli

Page 1 of 5

In this article, we discuss 12 best high-yield dividend stocks to buy according to billionaire Gabelli. If you want to read our detailed analysis of Gabelli’s investment strategy and GAMCO Investor’s previous performance, go directly to read 12 Best High Yield Dividend Stocks To Buy According to Billionaire Gabelli.

5. Wells Fargo & Company (NYSE:WFC)

GAMCO Investors’ Stake Value: $39,871,229
Dividend Yield as of November 29: 3.23%

Wells Fargo & Company (NYSE:WFC) is a diversified financial services company that provides a range of banking, investment, mortgage, and consumer and commercial finance services. On October 24, the company declared a quarterly dividend of $0.35 per share, which was in line with its previous dividend. The stock has a dividend yield of 3.23%, as of November 29.

GAMCO Investors owned nearly 1 million shares in Wells Fargo & Company (NYSE:WFC) at the end of Q3 2023, worth roughly $40 million. The company represented 0.46% of billionaire Gabelli’s portfolio.

As of the close of Q3 2023, 77 hedge funds tracked by Insider Monkey reported having stakes in Wells Fargo & Company (NYSE:WFC), up from 75 in the preceding quarter. The collective value of these stakes is more than $4.32 billion.

Follow Wells Fargo & Company (NYSE:WFC)


Page 1 of 5