5 High Dividend Stocks Picked By Billionaire Gabelli

3. Verizon Communications Inc. (NYSE:VZ)

GAMCO Investors’ Stake Value: $9.85 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 63
Dividend Yield: 4.93%

On September 20, Loop Capital analyst Stephan Bisson initiated coverage of Verizon Communications Inc. (NYSE:VZ) with a Hold rating and $57 price on its shares.

Mario Gabelli of GAMCO Investors holds over 175,710 shares of Verizon Communications Inc. (NYSE:VZ) as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 63 funds were bullish on Verizon Communications Inc. (NYSE:VZ) by the end of the June quarter, compared to 69 in the previous quarter.