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

4. State Street Corporation (NYSE:STT)

GAMCO Investors’ Stake Value: $45,741,313
Dividend Yield as of November 29: 3.94%

State Street Corporation (NYSE:STT) is a Boston-based global financial services company that primarily focuses on providing investment management, servicing, and research services to institutional investors. The company offers a quarterly dividend of $0.69 per share, having raised it by 10% in July this year. This marked the company’s 12th consecutive year of dividend growth, which makes STT one of the best dividend stocks in billionaire Gabelli’s portfolio. The stock’s dividend yield on November 29 came in at 3.94%.

The number of hedge funds tracked by Insider Monkey owning stakes in State Street Corporation (NYSE:STT) jumped to 40 in Q3 2023, from 32 in the previous quarter. The consolidated value of these stakes is over $670 million.

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