5 Best Cheap Dividend Stocks to Buy According to Mario Gabelli

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1. The Gabelli Multimedia Trust Inc. (NYSE: GGT)

Number of Hedge Fund Holders: 2
Dividend Yield: 8.56%

The Gabelli Multimedia Trust Inc. (NYSE: GGT) is a New York-based equity mutual fund founded in 1994. It is ranked first on our list of 10 best cheap dividend stocks to buy according to Mario Gabelli. The fund concentrates on investments related to stocks, convertible securities, and preferred stock options in industries such as entertainment and telecommunications. GAMCO Investors owns 901,964 shares in the fund that are worth over $8.6 million, representing 0.07% of their investment portfolio. 

The Gabelli Multimedia Trust Inc. (NYSE: GGT) is one of the best dividend options in the GAMCO portfolio, with a high dividend yield and an annual dividend of $0.88 per share. On March 16, the company declared a quarterly dividend of $0.22 per share, in line with previous.

Out of the hedge funds being tracked by Insider Monkey, Texas-based investment firm Brasada Capital Management is a leading shareholder in The Gabelli Multimedia Trust Inc. (NYSE: GGT) with 12,114 shares worth more than $116,000. 

You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.

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