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

3. Southwest Gas Holdings, Inc. (NYSE:SWX)

GAMCO Investors’ Stake Value: $51,474,153
Dividend Yield as of November 29: 4.08%

Southwest Gas Holdings, Inc. (NYSE:SWX) is a holding company that operates primarily in the natural gas distribution business. During the third quarter of 2023, GAMCO Investors increased its position in the company by 2% and ended up owning SWX stakes worth over $51.4 million. The company accounted for 0.59% of the firm’s 13F portfolio.

Southwest Gas Holdings, Inc. (NYSE:SWX) currently offers a quarterly dividend of $0.62 per share and has been growing its payouts for the past 15 years. With a dividend yield of 4.08%, as of November 29, SWX is one of the best high-dividend stocks in billionaire Gabelli’s portfolio.

At the end of Q3 2023, 21 hedge funds tracked by Insider Monkey reported having stakes in Southwest Gas Holdings, Inc. (NYSE:SWX), compared with 22 in the previous quarter. The consolidated value of these stakes is over $1 billion. With over 3.4 million shares, Corvex Capital was the company’s leading stakeholder in Q3.

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