5 High Dividend Stocks Picked by Billionaire Gabelli

In this article, we discuss 5 high dividend stocks picked by billionaire Gabelli. If you want to read our detailed analysis of GAMCO Investors’ investment philosophy and its performance, go directly to read 10 High Dividend Stocks Picked by Billionaire Gabelli. 

5. International Flavors & Fragrances Inc. (NYSE:IFF)

Dividend Yield as of September 26: 3.35%
GAMCO Investors’ Stake Value: $36,832,000

International Flavors & Fragrances Inc. (NYSE:IFF) is an American corporation that produces fragrances and cosmetics and sells them globally. Recently, the company set up a new Nourish Innovation Lab in New Jersey that will enable customers to co-create beverage solutions.

GAMCO Investors started investing in International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter of 2012, with shares worth over $63.6 million. In Q2 2022, the hedge fund owned 309,197 IFF shares, worth over $36.8 million. The company accounted for 0.4% of the firm’s 13F portfolio.

International Flavors & Fragrances Inc. (NYSE:IFF) currently pays a quarterly dividend of $0.81 per share and has a yield of 3.35%, as recorded on September 26. The company has been raising its dividends consistently for the past 19 years, coming through as one of the best dividend stocks in Mario Gabelli’s portfolio.

In August, Baird maintained its Outperformed rating on International Flavors & Fragrances Inc. (NYSE:IFF) with a $140 price target, as the company’s management is focused on creating a sustainable earnings algorithm, which will be formally launched in December this year.

At the end of June 2022, 34 hedge funds tracked by Insider Monkey owned stakes in International Flavors & Fragrances Inc. (NYSE:IFF), up from 33 in the previous quarter. The combined value of these stakes is over $2.78 billion.