5 Best High Yield Dividend Stocks To Buy According to Billionaire Gabelli

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1. The Bank of New York Mellon Corporation (NYSE:BK)

GAMCO Investors’ Stake Value: $77,312,679
Dividend Yield as of November 29: 3.57%

The Bank of New York Mellon Corporation (NYSE:BK) tops our list of the best high-dividend stocks according to billionaire Gabelli. The global financial services company has been making regular dividend payments to shareholders for the past 21 years and it currently pays a quarterly dividend of $0.42 per share. The stock has a dividend yield of 3.57%, as of November 29.

The Bank of New York Mellon Corporation (NYSE:BK) was a part of 51 hedge fund portfolios at the end of Q3 2023, down slightly from 52 in the preceding quarter. The stakes held by these hedge funds have a consolidated value of over $765.6 million.

Follow Bank Of New York Mellon Corp (NYSE:BK)

You can also take a look at 13 Best Growth Stocks To Buy According To George Soros and 12 Most Undervalued Gold Stocks To Buy According To Hedge Funds

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