10 Dividend Stocks with Over 10% Yield

Published June 27, 2022 at 9:09 am EDT Updated September 7, 2026 at 11:33 am EDT

In this article, we discuss 10 dividend stocks with over 10% yield.

Dividend stocks are in the limelight these days as risk of a recession grows and investors turn to stable stocks that promise regular income. Since 1960, high dividend stocks outperformed the broader market index in 7 out of 10 rising interest rate periods, according to a report by Global X.

Andrew McOrmond, a managing director at WallachBeth Capital, recently asserted that high yields are the only way to weather the unstable market conditions. He further mentioned that companies with strong dividend histories have stood the test of time and performed better than their non-dividends peers during market cycles, providing investors with solid investment options.

Though analysts were not very much confident about dividends and buybacks in 2022, the assets of dividend funds have reached $3 billion in June and $43 billion this year so far. Moreover, iShares Core High Dividend ETF, which tracks famous dividend stocks such as The Coca-Cola Company (NYSE:KO), Johnson & Johnson (NYSE:JNJ), and Exxon Mobil Corporation (NYSE:XOM), was up 3.9% through May.

Source: PixaBay

Our Methodology:

We picked some of the notable dividend stocks with over 10% for this article. These stocks are also popular among 900+ elite funds tracked by Insider Monkey at the end of March 2022.

Dividend Stocks with Over 10% Yield

10. Great Ajax Corp. (NYSE:AJX)

Dividend Yield as of June 24: 10.81%

Great Ajax Corp. (NYSE:AJX) is an Oregon-based real estate investment trust that specializes in re-performing mortgage loans and non-performing loans. In Q1 2022, the company’s earnings missed estimates, posting an EPS of $0.15 and revenue of $14.97 million. However, its book value per common share stood at $15.95, up from $15.92 per share a quarter earlier.

Great Ajax Corp. currently offers a quarterly payout of $0.26 per share, increasing it by 8.3% in March. The stock’s dividend yield came in at 10.81%, as of June 24. In May, Compass Point upgraded Great Ajax Corp. to Buy with a $16 price target, appreciating the growth in the company’s book value. However, the firm expressed concerns due to rising interest rates and other Fed policies.

At the end of Q1 2022, 10 hedge funds in Insider Monkey’s database owned stakes in Great Ajax Corp., up from 9 in the previous quarter. The collective value of these stakes is over $39 million. Almitas Capital held the largest position in the company, with stakes valued at over $17.2 million.

Just like famous dividend stocks, such as The Coca-Cola Company, Johnson & Johnson, and Exxon Mobil Corporation, hedge funds are also paying attention to AJX.

9. AllianceBernstein Holding L.P. (NYSE:AB)

Dividend Yield as of June 24: 11.46%

AllianceBernstein Holding L.P. (NYSE:AB) is an American investment management firm that specializes in employee benefit plans, retirement funds, and pension funds. In May, the company reported growth in its assets under management at $687 billion, from $685 billion recorded in April. The growth is mainly due to net inflows and market appreciation.

In Q1 2022, AllianceBernstein Holding L.P. reported strong results, posting an EPS of $0.90, which beat estimates by $0.06. The company’s revenue of $1.1 billion also showed a 10% year-over-year growth. Moreover, its retail channel delivered revenue of over $20 billion for the fifth quarter in a row.

The number of hedge funds tracked by Insider Monkey holding stakes in AllianceBernstein Holding L.P. stood at 4 in Q1, down from 5 a quarter earlier. These stakes hold a collective value of $14.4 million, compared with $32.3 million worth of stakes owned by hedge funds in Q4 2021.

On May 5, AllianceBernstein Holding L.P. announced a quarterly dividend of $0.90 per share. The company has paid uninterrupted dividends to shareholders for the past 22 years. As of June 24, the stock’s dividend yield came in at 11.46%.

8. Western Asset Mortgage Capital Corporation (NYSE:WMC)

Dividend Yield as of June 24: 12.60%

Western Asset Mortgage Capital Corporation (NYSE:WMC) is a mortgage finance REIT that manages a diversified portfolio of real estate-related securities and also invests in other financial assets.

In June, Jones Research mentioned Western Asset Mortgage Capital Corporation in its investors’ note, upgrading the stock to Buy. The firm expects the company’s book value per share to be approximately $2.10 as it is well-positioned to recover shareholder value.

On March 23, Western Asset Mortgage Capital Corporation trimmed its quarterly dividend by 33% due to the losses faced by the company in 2021. It currently offers a quarterly payout of $0.04 per share and its payout ratio stands at 57.4%. The stock’s dividend yield was recorded at 12.60% on June 24.

As per Insider Monkey’s database for Q1, 11 hedge funds owned stakes in Western Asset Mortgage Capital Corporation, up from 9 in the previous quarter. The collective value of these stakes is over $7.8 million. Israel Englander’s Millennium Management was one of the company’s prominent shareholders in Q1, with stakes worth over $1.2 million.

7. Ready Capital Corporation (NYSE:RC)

Dividend Yield as of June 24: 13.56%

Ready Capital Corporation (NYSE:RC) is a New York-based real estate finance company that manages commercial real estate loans and related securities.

In Q1 2022, the company reported revenue of $151.2 million, which topped estimates by $10.29 million. However, its EPS of $0.52 missed consensus by $0.07. In addition to this, the company’s net book value per share came in at $15.22 in Q1, up from $14.89 per share recorded during the same period last year.

Thomas Steyer’s Farallon Capital was the leading shareholder of Ready Capital Corporation in Q1 2022, owning stakes worth $8 million. Overall, 11 hedge funds tracked by Insider Monkey were bullish on the company in Q1, holding collective stakes worth roughly $31 million.

Ready Capital Corporation has paid dividends to shareholders consistently for the last 8 years and has raised its payout just once in 2021, taking it above the pre-pandemic levels. Its quarterly dividend currently stands at $0.42 per share, with an attractive yield of 13.56%, as of the close of June 24.

6. Annaly Capital Management, Inc. (NYSE:NLY)

Dividend Yield as of June 24: 14.40%

Annaly Capital Management, Inc. (NYSE:NLY) is a leading real estate investment trust company based in New York. The company mainly invests in residential and commercial assets, with investment strategies across mortgage finance.

In June, Keefe Bruyette upgraded Annaly Capital Management, Inc. to Outperform, with a $6.75 price target. The firm presented a positive outlook on mortgage-backed securities and expects them to reach levels above historic averages in the coming quarters.

In Q1 2022, Annaly Capital Management, Inc. delivered stronger results, posting an EPS of $0.28, which surpassed estimates by $0.03. The company’s revenue for the quarter was recorded at $518.3 million, which also beat market consensus by $178.7 million.

On June 8, Annaly Capital Management, Inc. announced a quarterly dividend of $0.22 per share, in line with its previous dividend. The stock’s dividend yield was recorded at 14.40% on June 24.

At the end of March 31, Annaly Capital Management, Inc. experienced a decline in hedge fund positions, as 14 funds tracked by Insider Monkey owned stakes in the company, down from 21 in the previous quarter. The collective value of these stakes is over $72 million. Ken Griffin, Jim Simons, and Mike Vranos were some prominent shareholders of the New York-based company in Q1.

Just like The Coca-Cola Company, Johnson & Johnson, and Exxon Mobil Corporation Annaly Capital Management, Inc. is also gaining ground among investors.

5. FS KKR Capital Corp. (NYSE:FSK)

Dividend Yield as of June 24: 14.47%

FS KKR Capital Corp. (NYSE:FSK) is an American business development company that provides customized credit solutions to private middle-market companies in the US. In Q1 2022, the company’s net interest income stood at $0.72, which beat estimates by $0.07. In addition to this, its total investment income saw 162.3% year-over-year growth at $396 million.

On May 9, FS KKR Capital Corp. announced a 7.9% hike in its quarterly dividend to $0.68 per share. The stock’s dividend yield stood at 14.47%, as of the close of June 24.

In March, Wells Fargo upgraded FS KKR Capital Corp. to Equal Weight, with a $21.50 price target, appreciating the company’s improving credit profile.

According to Insider Monkey’s Q1 database, 13 hedge funds were bullish on FS KKR Capital Corp., up from 11 in the previous quarter. The collective value of these stakes is over $165.4 million. Beach Point Capital Management was the leading shareholder of the Pennsylvania-based company, owning over 4.4 million shares, valued at $102 million.

4. New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Dividend Yield as of June 24: 15.04%

New York Mortgage Trust, Inc. (NASDAQ:NYMT) is an American real estate investment trust that invests in mortgage-based securities and other financial assets. Though the company missed Street estimates on various accounts in Q1, it reported other key developments in its operations during the quarter. The company purchased approximately $782.5 million in residential loans and also authorized a share repurchase program for up to $200 million on its common stock.

New York Mortgage Trust, Inc. has not raised its payouts since 2020 and currently pays a quarterly dividend of $0.10 per share. The stock’s dividend yield was recorded at 15.04% on June 24.

In its April investors’ note, Barclays mentioned New York Mortgage Trust, Inc., highlighting the company’s declining book values per share. The firm lowered its price target on the stock to $3.50 but kept an Equal Weight rating on the shares.

At the end of Q1 2022, New York Mortgage Trust, Inc. was a part of 12 hedge fund portfolios, compared with 17 a quarter earlier. These stakes hold a consolidated value of over $52 million.

3. Vale S.A. (NYSE:VALE)

Dividend Yield as of June 24: 19.17%

Vale S.A. (NYSE:VALE) is a Brazilian mining company that is involved in the production of iron ore, nickel, and pellets. The company is launching a venture capital to invest over $100 million in sustainable mining startups globally. VALE would hold 3% to 5% stakes in these firms.

In Q1 2022, Vale S.A. posted an EPS of $0.93, which beat estimates by $0.12. However, the company’s revenue of $10.81 billion missed consensus by $710 million. The company also signed a long-term nickel supply deal with Tesla, according to which, Tesla will purchase nickel from Vale S.A. mines in Canada.

On February 25, Vale S.A. announced an interim dividend of $0.73 per share, with a dividend yield of 19.17%, as of June 24. In June, Jefferies mentioned that the mining sector is undervalued and will outperform when China recovers from the pandemic. The firm upgraded Vale S.A. to Buy, with a $24 price target, up from $17.

At the end of March 31, 27 hedge funds tracked by Insider Monkey were bullish on Vale S.A., up from 25 in the previous quarter. The combined value of these stakes is over $2.3 billion, compared with $1.7 billion worth of stakes held by hedge funds in Q4 2021. Ken Fisher’s Fisher Asset Management was the company’s leading shareholder in Q1.

Grantham Mayo Van Otterloo & Co. LLC mentioned Vale S.A. in its Q1 2022 investor letter. Here is what the firm has to say:

“Let’s look at Vale (NYSE:VALE), the world’s largest iron ore producer, as a case study for how shareholders can be rewarded. Vale’s stock price is about where it was at the beginning of last year. Despite the market’s lack of enthusiasm, the company generated about $20 billion of free cash flow last year. Not bad for a company with a market cap of a little over $100 billion and no substantive debt as of the end of March. ⁴ What did the company do with all that cash? Last year, Vale paid out about $9 billion in regularly scheduled dividends and distributed another $10 billion between extra dividends and share repurchases. Combined with dividends distributed in the first quarter of this year and a recently announced share repurchase, Vale has returned or announced the return of over $33 billion since the beginning of last year, almost a 32% yield relative to the market cap of the company. Not a bad way to win.”

2. Star Bulk Carriers Corp. (NASDAQ:SBLK)

Dividend Yield as of June 24: 26.28%

Star Bulk Carriers Corp. (NASDAQ:SBLK) is a shipping company that owns and operates a fleet of dry bulk career vessels. The company is based in Greece. It reported strong Q1 earnings, posting an EPS of $1.71, which surpassed estimates by $0.32. Moreover, its revenue of $360.8 million saw an 80% year-over-year growth and also exceeded consensus by $84.6 million.

On May 24, Star Bulk Carriers Corp. announced a quarterly payout of $1.65 per share, trimming it by 17%. The stock’s dividend yield came in at 26.28%, as of June 24. In April, Jefferies presented a positive outlook on the shipping sector, as it delivered a 25% year-to-date return to shareholders through April. The firm reinstated its coverage on Star Bulk Carriers Corp. with a Buy rating and a $36 price target.

As per Insider Monkey’s database, 21 hedge funds owned stakes in Star Bulk Carriers Corp. in Q1, compared with 20 a quarter earlier. These stakes hold a consolidated value of over $1.1 billion.

Massif Capital mentioned Star Bulk Carriers Corp. in its Q3 2021 investor letter. Here is what the firm has to say:

“We initiated one long position, one short position and exited one position during the third quarter. Our new long position was in Star Bulk Carriers (SBLK), a pure-play dry bulk operator with roughly 120 controlled vessels and 14 million tons of combined cargo capacity globally.

SBLK has one of the better management teams in the maritime shipping industry and the lowest cost structure among all dry bulk names. After announcing their new dividend policy in May, SBLK now has one of the best payout structures in shipping. The firm has paid out $0.3 and $0.7 per share in dividends for the first and second quarters of 2021. SBLK will most likely announce a dividend for the third quarter somewhere in the $1.15-$1.25 per
share range, depending on movement in net working capital.

We believe the best way to look at this business is through cash generation potential and how much is returned to investors. The current equity valuation does not reflect current rates for shipping (earnings), partly because of the velocity of the move in rates and because shipping cycles turn, and it’s not clear whether this is a local top or the early innings of a multi-year cycle. Our belief is the latter. Part of our catalyst is the market re-rating the stock higher once the length of the increased earnings power becomes understood. It is a relatively strong catalyst in the sense that with a strong dividend policy, we can be patient for the market to underwrite this story as the cash is either returned to us via a high dividend yield if the market is either slow or chooses not to join our side of the trade.

Our estimates suggest a time-charter equivalent rate (net profit or loss of operating a vessel daily) of at least $30,000 for SBLK in Q4, with the firm earning a potential annual average of $26,000. Our base case is that this is a strong floor going into next year, with little need to articulate much more upside. If rates hold, which we expect them to do, we could see a 20+% annual dividend year next year for SBLK. If the market priced the equity such that the dividend yield was 8%, that implies a $62 stock. Today our base case target for the firm is $37 per share. This is likely conservative as we know that third-quarter rates are higher than the second quarter, and third-quarter dividends will most likely reflect that. We are cautious about diving too deep into the sensitivities to the upside with this position as we are arriving at some pretty remunerative torque using current contracted values and seemingly conservative forecasts…” (Click here to see the full text)

1. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Dividend Yield as of June 24: 22%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is an Israeli integrated cargo shipping company that specializes in the transportation of oil and finished goods. On June 17, the stock rose 6% as JPMorgan raised its price target on the stock to $53.30, with a Neutral rating on the shares.

As of Q1 2022, 32 hedge funds tracked by Insider Monkey reported owning stakes in ZIM Integrated Shipping Services Ltd., valued at over $1 billion. In the previous quarter, 33 funds held positions in the company, with stakes valued at $784 million. Jim Simons’ Renaissance Technologies was the company’s leading shareholder in Q1, owning over 4 million shares, worth $295.3 million.

In Q1 2022, ZIM Integrated Shipping Services Ltd. reported an EPS of $14.19, which beat estimates by $1.38. The company’s revenue for the quarter stood at $3.7 billion, showing a 113.8% year-over-year growth and also surpassing consensus by $230 million. In addition to this, its operating income of $2.24 billion reported a 228% growth from the same period last year.

On May 18, ZIM Integrated Shipping Services Ltd. announced a quarterly payout of $2.85 per share, which represented 20% of the company’s quarterly net income.

You can also take a look at 12 Best Bear Market Stocks to Buy Now and Top Stock Picks of Michael Burry.

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