5 High Dividend Stocks Picked By Billionaire Gabelli

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

Dividend Yield as of November 21: 6.92%
GAMCO Investors’ Stake Value: $23,442,000

Telephone and Data Systems, Inc. (NYSE:TDS) is a Chicago-based telecommunications service company that mainly provides wireless services and products. The company has been raising its dividends consistently for the past 47 years, falling into the category of Dividend Aristocrats. In the past five years, it has raised its dividends at a CAGR of 3.22%. The company currently pays a quarterly dividend of $01.8 per share and has a dividend yield of 6.92%, as of November 21.

At the end of Q3 2022, GAMCO Investors owned over 1.6 million shares in Telephone and Data Systems, Inc. (NYSE:TDS), with a total value of over $23.4 million. The company accounted for 0.27% of billionaire Gabelli’s portfolio.

In November, JPMorgan upgraded Telephone and Data Systems, Inc. (NYSE:TDS) to Neutral with a $14 price target, post the company’s Q3 results.

Telephone and Data Systems, Inc. (NYSE:TDS) was a part of 13 hedge fund public portfolios at the end of Q3 2022, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of roughly $46.3 million.

You can also take a look at Warren Buffett’s Top 10 Dividend Stock Picks and Bill Gates’ Top 10 Dividend Stocks

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