10 Extreme Dividend Stocks to Invest in Now

7. Barings BDC, Inc. (NYSE:BBDC)

Dividend Yield as of January 23: 10.53%

Barings BDC, Inc. (NYSE:BBDC) is an American business development company, based in North Carolina. The company specializes in debt investments in middle-market companies. It has established itself as a leading business development company by capitalizing on growth opportunities and delivering significant value to its shareholders. Over the past year, the stock has delivered a nearly 10% return. This achievement is particularly notable given its low-risk nature. Unlike high-beta stocks, which typically involve greater risk for substantial returns, Barings BDC provides a more stable investment option. Its steady end markets, attractive dividends, and rising net asset value contribute to its lower risk profile.

Barings BDC, Inc. (NYSE:BBDC) continues to prioritize growth initiatives aimed at increasing portfolio value and driving net investment income. In the third quarter of 2024, the company completed 11 new investments amounting to $88.4 million, along with additional investments of $36.6 million in its existing portfolio companies. The company’s total investment income for the quarter came in at $70.9 million and its net investment income amounted to $30.2 million.

Barings BDC, Inc. (NYSE:BBDC) is one of the best dividend stocks on our list as the company has been making regular dividend payments to shareholders since 2007. It currently pays a quarterly dividend of $0.26 per share and has a dividend yield of 10.53%, as of January 23.

The number of hedge funds tracked by Insider Monkey owning stakes in Barings BDC, Inc. (NYSE:BBDC) grew to 11 in Q3 2024, from 9 in the previous quarter. These stakes have a total value of over $21.7 million. With over 1 million shares, Two Sigma Advisors was the company’s leading stakeholder in Q3.