5 Best Dividend Stocks with High Yields

2. Cornerstone Strategic Value Fund, Inc. (NYSE: CLM)

Dividend yield: 16.62%

This is a closed-ended equity mutual fund and is managed by Cornerstone Advisors, Inc. Cornerstone Strategic Value Fund, Inc. (NYSE: CLM) ranks 2nd on our list of the top 10 dividend stocks with high yields, with its dividend yield of 16.62%. The company was founded in 1987 and has headquarters in Cincinnati, Ohio.

This May, the fund completed its rights offering, through which Cornerstone Strategic Value Fund, Inc. (NYSE: CLM) received requests for approximately $215 million of its shares. The fund’s AUM as of Q121 is $898.67 million, and its dividend rate for the next 12 months is $1.92 a share.