5 High Dividend Stocks Picked By Billionaire Gabelli

4. The PNC Financial Services Group, Inc. (NYSE:PNC)

Dividend Yield as of November 21: 3.72%
GAMCO Investors’ Stake Value: $27,626,000

The PNC Financial Services Group, Inc. (NYSE:PNC) is an American bank holding and financial services company that provides services related to loans and credit cards. In October, JPMorgan maintained an Overweight rating on the stock with a $171.5 price target, presenting a positive stance on large-cap bank stocks. The firm also appreciated the company’s strong fundamentals.

The PNC Financial Services Group, Inc. (NYSE:PNC) has been paying regular dividends to shareholders for the past 30 years and has also raised its payouts consecutively for 12 years. It currently offers a quarterly dividend of $1.50 per share and has a dividend yield of 3.72%, as of November 21.

GAMCO Investors has been investing in The PNC Financial Services Group, Inc. (NYSE:PNC) for over a decade now. At the end of Q3 2022, the hedge fund owned a PNC stake worth over $27.6 million. The company represented 0.32% of billionaire Gabelli’s portfolio.

At the end of Q3 2022, 43 hedge funds tracked by Insider Monkey owned stakes in The PNC Financial Services Group, Inc. (NYSE:PNC), up from 42 in the preceding quarter. The collective value of these stakes is over $615.7 million.