5 Stocks with Highest Dividend Right Now

In this article, we discuss 5 stocks with highest dividend right now. If you want to read our detailed analysis of dividend stocks and dividend yields, go directly to read 20 Stocks with Highest Dividend Right Now. 

5. MFA Financial, Inc. (NYSE:MFA)

Dividend Yield as of October 10: 15.56%

MFA Financial, Inc. (NYSE:MFA) is an American real estate investment trust company that primarily focuses on investments in residential and commercial mortgage-backed securities. On September 20, the company declared a quarterly dividend of $0.35 per share, which was consistent with its previous dividend. The stock’s dividend yield on October 10 came in at 15.56%.

At the end of Q2 2023, 14 hedge funds in Insider Monkey’s database owned stakes in MFA Financial, Inc. (NYSE:MFA), up from 13 in the previous quarter. The consolidated value of these stakes is over $72.7 million.

4. TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Dividend Yield as of October 10: 15.70%

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) ranks fourth on our list of the best dividend stocks with high yields. The business development company currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 15.70%, as of October 10. It also holds a strong history of paying special dividends to shareholders, which makes TPVG one of the best dividend stocks on our list.

As of the end of Q2 2023, 2 hedge funds tracked by Insider Monkey reported having stakes in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG), which remained unchanged from the previous quarter. The collective value of these stakes is over $2 million.

3. Eagle Point Credit Company Inc. (NYSE:ECC)

Dividend Yield as of October 10: 16.77%

Eagle Point Credit Company Inc. (NYSE:ECC) is a closed-end management investment company that primarily focuses on investing in collateralized loan obligations and related securities. It is one of the best stocks on our list as the company offers monthly dividends to shareholders. It currently pays a per-share dividend of $0.14 every month and also offers supplemental dividends. The stock has a dividend yield of 16.77%, as of October 10.

The number of hedge funds in Insider Monkey’s database owning stakes in Eagle Point Credit Company Inc. (NYSE:ECC) stood at 3 in Q2 2023. The total value of these stakes is over $1.5 million.

2. Diana Shipping Inc. (NYSE:DSX)

Dividend Yield as of October 10: 17.34%

Diana Shipping Inc. (NYSE:DSX) is a Greece-based global shipping company that owns and operates a fleet of bulk carriers. The company has raised its dividends every year since it started paying dividends in 2021, which makes it one of the best dividend stocks with high yields. It currently pays a quarterly dividend of $0.15 per share and has a dividend yield of 17.34%, as of October 10.

At the end of June 2023, 7 hedge funds tracked by Insider Monkey’s database owned stakes in Diana Shipping Inc. (NYSE:DSX), compared with 9 in the previous quarter. The total value of these stakes is roughly $20 million.

1. Oxford Lane Capital Corp. (NASDAQ:OXLC)

Dividend Yield as of October 10: 19.02%

Oxford Lane Capital Corp. (NASDAQ:OXLC) tops our list of the best dividend stocks on our list. The investment management company pays a monthly dividend of $0.1302 per share and has a dividend yield of 19.02%, as of October 10.

At the end of Q2 2023, CastleKnight Management was the only stakeholder of Oxford Lane Capital Corp. (NASDAQ:OXLC), according to Insider Monkey’s database.

You can also take a look at AQR Capital Management: AUM, Performance, Stock Picks and 16 Best Growth Stocks To Buy According To Hedge Funds

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