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 Gabelli’s investment strategy and his hedge fund’s performance over the years, go directly to read 11 High Dividend Stocks Picked By Billionaire Gabelli.

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

Dividend Yield as of November 21: 3.71%
GAMCO Investors’ Stake Value: $48,949,000

Southwest Gas Holdings, Inc. (NYSE:SWX) is a Nevada-based natural gas holding company that provides services to over 2 million residential, commercial, and industrial customers. During Q3 2022, GAMCO Investors increased its position in the company by 3%, which takes its total SWX stake to roughly $49 million. The company represented 0.57% of billionaire Gabelli’s portfolio.

On November 17, Southwest Gas Holdings, Inc. (NYSE:SWX) announced a quarterly dividend of $0.62 per share, which fell in line with its previous dividend. The company has been paying regular dividends to shareholders since its IPO in 1956 and has raised its dividends consistently for the past 15 years. As of November 21, the stock has a dividend yield of 3.71%.

In November, Wells Fargo maintained an Equal Weight rating on Southwest Gas Holdings, Inc. (NYSE:SWX), highlighting the company’s performance in the current inflationary environment.

As of the close of the September quarter, 22 hedge funds in Insider Monkey’s database reported owning stakes in Southwest Gas Holdings, Inc. (NYSE:SWX), compared with 30 in the previous quarter. These stakes are collectively valued at over $734.8 million.