GAMCO Investors enjoyed a terrific month in April 2021, with a 29 percent increase in share price. Its market value increased to $11.396 billion in the first quarter of 2021, up from $10.69 billion the previous quarter. JPMorgan Chase & Co. and Bank of America Corporation are among the companies in GAMCO’s portfolio. The company recently announced a quarterly dividend of $0.90 per share, which is consistent with the prior quarter’s dividend payout. GAMCO also owns 209,951 Apple Inc. shares. Another important dividend-paying stock in the portfolio is The Coca-Cola Company. Goldman Sachs upgraded Apple’s shares from “Sell” to “Neutral” in April. From $83, the brokerage boosted its price target to $130.
Insider Monkey shares billionaire Mario Gabelli’s top ten dividend stocks to buy: Marathon Petroleum Corporation is an oil refining, marketing, and distribution corporation based in the United States. The company stated earlier this month that it had reached an agreement with One Energy Enterprises LLC to install five wind turbines with a total capacity of 2.3 megawatts of renewable energy. The MPC’s carbon footprint will be reduced thanks to the wind turbines. Chevron Corporation, which deals in integrated energy, chemicals, and petroleum, concluded the acquisition of Noble Midstream Partners LP a week ago. Chevron announced a $1.34 per share first-quarter dividend at the end of April. In Gabelli’s portfolio, Chevron is one of the finest dividend stocks. The energy firm FirstEnergy Corp. generates, transmits, and distributes electricity. According to Mario Gabelli, the stock is ranked 8th among the finest dividend stocks to purchase. The construction of the company’s 69-kilovolt power cables was just completed. According to billionaire Mario Gabelli, AbbVie Inc. is one of the top ten dividend companies to purchase. It was recently reported that the European Medicines Agency gave its pipeline medication, VENCLYXTO (venetoclax), a favorable opinion. Before the end of the first half of 2021, the EMA is likely to announce its final verdict on the medicine. AT&T Inc. is one of America’s top four telecommunications companies. It recently announced plans to sell its media businesses to Discovery Inc. as part of a deal. The agreement will reduce the company’s net debt by $43 billion. Check more details on this from the article 10 Best Dividend Stocks to Buy According to Billionaire Mario Gabelli.
