5 High Dividend Stocks Picked by Billionaire Gabelli

4. Comcast Corporation (NASDAQ:CMCSA)

Dividend Yield as of September 26: 3.51%
GAMCO Investors’ Stake Value: $42,474,000

Comcast Corporation (NASDAQ:CMCSA) is an American telecommunications company that offers technology and entertainment solutions to its millions of customers. At the end of Q2 2022, GAMCO Investors boosted its stake in the company by 1%, which takes its total stake to over $42.4 million. The company represented 0.46% of the firm’s 13F portfolio.

In August, Barclays maintained its Equal Weight rating on Comcast Corporation (NASDAQ:CMCSA) with a $42 price target as the firm started coverage of cable companies.

On July 28, Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend of $0.27 per share, in line with its previous dividend. The company is one of the best dividend stocks in Mario Gabelli’s portfolio as it holds a 14-year streak of dividend growth. In addition to this, it has raised its payouts at a CAGR of 12% in the last five years. As of September 26, the stock’s dividend yield came in at 3.51%.

At the end of Q2 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Comcast Corporation (NASDAQ:CMCSA), compared with 78 in the previous quarter. These stakes hold a total value of roughly $5.4 billion. Harris Associates was one of the company’s leading stakeholders in Q2.