5 High-Yield Dividend Stocks for Stable Income

1. Oaktree Specialty Lending Corporation (NASDAQ:OCSL)

Dividend Yield as of September 16: 10.18%

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a California-based specialty finance company. The company provides one-stop credit solutions to corporations with limited access to public or capital markets.

At the end of June 2022, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) reported $34.3 million in cash and cash equivalents and $455 million of undrawn capacity under the credit facilities. The company’s dividends remained safe as it generated $23.7 million in free cash flow in fiscal Q3 2022 and paid $1 million in dividends.

On August 4, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) announced a 3% hike in its quarterly dividend to $0.17 per share. With this increase, the company extended its dividend growth streak to 8 years. As of September 16, the stock’s dividend yield came in at 10.18%.

At the end of Q2 2022, 10 hedge funds in Insider Monkey’s database owned stakes in Oaktree Specialty Lending Corporation (NASDAQ:OCSL), up from 9 in the previous quarter. The collective value of these stakes is over $72 million. Howard Marks, Ken Griffin, and Israel Englander were some of the company’s most prominent stakeholders in Q2.

You can also take a look at 10 Blue Chip Dividend Stocks to Buy After the Market Selloff and 10 Monthly Dividend Stocks with Highest Yields

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