5 Dividend Stocks Billionaire Mario Gabelli Loves

Page 5 of 5

1. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 107

Dividend Yield as of May 20: 3.41%

Topping our rankings of the 10 dividend stocks billionaire Mario Gabelli loves is JPMorgan Chase & Co. (NYSE:JPM). As of March 31, GAMCO Investors’ stakes in JPMorgan Chase & Co. (NYSE:JPM) stand at $55.49 million which represents 0.5% of its investment portfolio. JPMorgan Chase & Co (NYSE:JPM) is the largest bank in the United States, with a balance sheet totaling $2.87 trillion. As of May 20, the stock has a forward dividend yield of 3.41% and PE ratio of 10.57. JPMorgan Chase & Co. (NYSE:JPM) has been hiking its dividends for almost a decade now and boasts a 5-year dividend growth rate of 14.99%, with an annual payout ratio of 29.35%.

Here is what ClearBridge Investments had to say about JPMorgan Chase & Co. (NYSE:JPM) in its “Large Cap Value Strategy” fourth-quarter 2021 investor letter:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”

You can also take a look at 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks and Billionaire Mario Gabelli’s Top 10 Stock Picks.

Page 5 of 5