5 High-Yield Dividend Stocks According to Billionaire Mario Gabelli

1. AllianceBernstein Holding L.P. (NYSE: AB)

Number of Hedge Fund Holders: 9
Dividend Yield: 8.98%

AllianceBernstein Holding L.P. (NYSE: AB) is an asset management company that offers research and investment management services across the globe. Although it is one of the best high yield dividend stocks, it received a downgrade to “neutral” by William Katz, an analyst at Citi Bank.

AllianceBernstein Holding L.P. (NYSE: AB) has gained 20% year-to-date, but Katz believes there is limited upside. It rallied by 161% in 2020, outperforming the S&P 500 by more than 62% and the Dow Jones by more than 81%, reinforcing its high yield dividend stock status. The investment firm released its preliminary figures earlier this year, revealing that it had $688 billion worth of assets under management in February 2021. It was slightly higher than its $683 billion AUM figure in the previous month. The investment company had $14.9 billion in active net inflows in 2020.

You can also take a peek at Top 10 Dividend Stocks that Pay Monthly and 10 Best Healthcare Dividend Stocks.

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