5 Extreme Dividend Stocks to Buy Now

In this article, we discuss 5 extreme dividend stocks to buy now. If you want to read our detailed analysis of high-dividend stocks and their past performance, go directly to read 10 Extreme Dividend Stocks to Buy Now. 

5. Nordic American Tankers Limited (NYSE:NAT)

Dividend Yield as of April 22: 12.23%

Nordic American Tankers Limited (NYSE:NAT) is a shipping company, headquartered in Bermuda. The company specializes in the transportation of crude oil through its fleet. It is one of the best dividend stocks on our list as the company has been paying uninterrupted dividends to shareholders for the past 28 consecutive years. In February this year, the company doubled its quarterly dividend to $0.12 per share. The stock supports a dividend yield of 12.23%, as of April 22.

Insider Monkey’s database of Q4 2023 indicated that 16 hedge funds held stakes in Nordic American Tankers Limited (NYSE:NAT), up from 15 in the previous quarter. The consolidated value of these stakes is roughly $46 million.

4. NextEra Energy Partners, LP (NYSE:NEP)

Dividend Yield as of April 22: 12.82%

NextEra Energy Partners, LP (NYSE:NEP) is an American renewable energy company that acquires and manages clean energy assets. The company currently pays a quarterly dividend of $0.88 per share, having raised it by 1.4% in January this year. It has been growing its dividends every quarter since 2015, despite its above-average dividend yield, which makes NEP one of the best dividend stocks on our list. The stock offers a dividend yield of 12.82%, as of April 22.

At the end of December 2023, 18 hedge funds in Insider Monkey’s database invested in NextEra Energy Partners, LP (NYSE:NEP), compared with 19 in the preceding quarter. These stakes are valued at more than $145.2 million collectively.

3. Arbor Realty Trust, Inc. (NYSE:ABR)

Dividend Yield as of April 22: 13.48%

Arbor Realty Trust, Inc. (NYSE:ABR) is next on our list of the best dividend stocks with extreme dividend yields. The American real estate investment trust company has been rewarding shareholders with growing dividends for the past 11 consecutive years. Its quarterly dividend currently comes in at $0.43 per share and has a dividend yield of 13.48%, as recorded on April 22.

With a collective stakes value of over $91 million, 17 hedge funds in Insider Monkey’s database owned positions in Arbor Realty Trust, Inc. (NYSE:ABR) in Q4 2023, up from 13 funds in the previous quarter. Among these hedge funds, Omega Advisors was the company’s leading stakeholder in Q4.

2. Dynex Capital, Inc. (NYSE:DX)

Dividend Yield as of April 22: 13.61%

An American real estate investment trust company, Dynex Capital, Inc. (NYSE:DX) offers monthly dividends to shareholders. The company’s cash position remained strong in the first quarter of 2024, with roughly $300 million available in cash and cash equivalents, up from $119.6 million in the previous quarter. On April 14, it declared a monthly dividend of $0.13 per share, which was consistent with its previous dividend. The stock’s dividend yield came in at 13.61% on April 22.

As of the end of the fourth quarter of 2023, 6 hedge funds held stakes in Dynex Capital, Inc. (NYSE:DX), falling from 10 in the preceding quarter. The collective worth of these stakes is over $19.3 million. Ken Griffin’s Citadel Investment Group was the company’s leading stakeholder in Q4.

1. Cool Company Ltd. (NYSE:CLCO)

Dividend Yield as of April 22: 15.07%

With a dividend yield of 15.07% as of April 22, Cool Company Ltd. (NYSE:CLCO) tops our list of the best dividend stocks to buy now. The company provides transportation solutions for liquefied natural gas around the world. It started paying dividends in 2023 and has paid regular dividends since then. As of April 22, the stock has a dividend yield of 15.07%.

According to Insider Monkey’s database of Q4 2023, 8 hedge funds tracked by Insider Monkey held stakes in Cool Company Ltd. (NYSE:CLCO), compared with 9 in the previous quarter. These stakes are valued at over $22.4 million in total.

You can also take a look at 10 Best Multibagger Stocks to Buy Now and Latest Stock Portfolio: Top 10 Stock Picks