In this article we discuss the 5 high-yield dividend stocks according to billionaire Mario Gabelli. If you want to read our detailed analysis of Gabelli’s hedge fund performance and history, go directly to the 10 Best High-Yield Dividend Stocks According to Billionaire Mario Gabelli.
Number of Hedge Fund Holders: 25
Dividend Yield: 7.09%
Energy Transfer LP (NYSE: ET) is one of the key players in the propane and natural gas pipeline. Its valuation, deleveraging and cash flow are healthy enough to attract more investment.
Energy Transfer LP is well diversified and operates at a scale that is large enough to withstand volatility in commodity prices, as was the case in 2020. The company remains focused on sustainability and growth, which might result in cost, capex and dividend cuts. ET also plans to file a petition for the reversal of a court ruling for the termination of its permit to the Dakota Access Pipeline.
Energy Transfer LP (NYSE: ET) claims that the permit denial pending investigation will lead to huge losses between $3.44 million and $4.28 million daily, potentially even more. Shutting down the pipeline means 400K bbl per day will be removed from the pipeline.