5 High Dividend Stocks Picked by Billionaire Gabelli

1. Telephone and Data Systems, Inc. (NYSE:TDS)

Dividend Yield as of September 26: 4.96%
GAMCO Investors’ Stake Value: $27,115,000

Telephone and Data Systems, Inc. (NYSE:TDS) is a Chicago-based telecommunications service company that provides wireless products and services to its consumers. The company remained famous among elite funds in Q2 2022, as 16 hedge funds in Insider Monkey’s database owned stakes in the company, up from 12 in the previous quarter. These stakes have a total value of nearly $63.6 million.

On August 11, Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend of $0.11 per share, consistent with its previous dividend. In 2022, the company extended its dividend growth streak to 47 years and its 5-year dividend CAGR stands at 3.22%. As of September 26, the stock’s dividend yield came in at 4.96%.

At the end of Q2 2022, GAMCO Investors owned over 1.7 million shares in the company, after reducing its position in the company by 1%. The fund’s total TDS stake amounted to over $27 million, which represented 0.29% of its 13F portfolio.

You can also take a look at 10 Dividend Aristocrats Under $60 You Can Buy in September and 10 Dividend Stocks to Buy According to Bruce Kovner’s Caxton Associates LP

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