12 Best Dividend Stocks Under $30

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2. Barings BDC Inc. (NYSE:BBDC)

Share Price as of the Close of January 30: $10.07

Barings BDC Inc. (NYSE:BBDC) is a North Carolina-based business development company that specializes in debt investments in middle-market companies. The company remains focused on growth strategies designed to enhance portfolio value and boost net investment income. In the third quarter of 2024, the company made 11 new investments totaling $88.4 million, along with an additional $36.6 million invested in its existing portfolio companies. The company reported a total investment income of $70.9 million for the quarter, with net investment income reaching $30.2 million.

Over the years, Barings BDC Inc. (NYSE:BBDC) has positioned itself as a top business development firm by seizing growth opportunities and generating substantial value for shareholders. Over the past year, its stock has provided a nearly 10% return, which is especially impressive considering its low-risk profile. Unlike high-beta stocks, which tend to carry more risk for the potential of higher returns, Barings BDC offers a more stable investment. Its consistent markets, appealing dividends, and increasing net asset value all contribute to its lower risk profile.

Barings BDC Inc. (NYSE:BBDC), one of the best dividend stocks on our list, has been paying regular dividends to shareholders since 2007. Its quarterly dividend currently comes in at $0.26 per share and has a dividend yield of 10.28%, as of January 30.

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.

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