13 High-Dividend Stocks to Invest In Under $10

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

Dividend Yield as of April 8: 13.18%

Share Price as of the Close of April 7: $8.15

Barings BDC, Inc. (NYSE:BBDC) ranks sixth on our list of the best dividend stocks with high yields. The North Carolina-based business development company specializes in debt investments in middle-market companies. The company has established itself as a prominent business development company by capitalizing on growth opportunities. Unlike high-risk stocks that may offer higher returns but with more uncertainty, BBDC provides a more stable investment alternative. Its consistent market performance, dependable dividend payouts, and growing net asset value make it a lower-risk option for investors.

In the fourth quarter of 2024, Barings BDC, Inc. (NYSE:BBDC) generated a total investment income of $70.6 million, a 6.9% decrease from the same period the previous year. It reported a net investment income of $29.5 million, or $0.28 per share, while its net assets increased by $24.8 million, or $0.24 per share. The company expanded its portfolio by making 15 new investments valued at $137.9 million and committed an additional $156.5 million to existing companies. In addition, it participated in a $3.5 million equity co-investment alongside affiliated entities in a portfolio company that provides financing to plaintiff law firms involved in mass tort and other civil litigation cases.

Barings BDC, Inc. (NYSE:BBDC) is confident in its portfolio and, with strong momentum continuing into early 2025, has declared a special dividend of $0.15 per share. This dividend will be paid in three equal quarterly installments starting in March. The company has consistently paid dividends to its shareholders since 2007. It currently offers a quarterly dividend of $0.26 per share and has a dividend yield of 13.18%, as of April 8.