5 Under-the-Radar High Dividend Stocks to Invest in Now

In this article, we discuss 5 under-the-radar high-dividend stocks to invest in now. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 12 Under-the-Radar High Dividend Stocks to Invest in Now. 

5. Avista Corporation (NYSE:AVA)

Dividend Yield as of April 27: 5.34%

Avista Corporation (NYSE:AVA) is an American energy company that specializes in the generation, transmission, and distribution of electricity and natural gas. The company pays a quarterly dividend of $0.475 per share, having raised it by 3.3% in February this year. This was the company’s 22nd consecutive year of dividend growth. The stock has a dividend yield of 5.34%, as of April 27.

At the end of December 2023, 17 hedge funds in Insider Monkey’s database held stakes in Avista Corporation (NYSE:AVA), up from 15 in the previous quarter. These stakes are collectively valued at over $45.8 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q4.

4. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Dividend Yield as of April 27: 7.16%

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a Pennsylvania-based real estate investment trust company that mainly invests in casino properties. On February 28, the company declared a 4.1% hike in its quarterly dividend to $0.76 per share. This marked the company’s third consecutive year of dividend growth. As of April 27, the stock has a dividend yield of 7.16%. It is among the under-the-radar stocks with high yields.

The number of hedge funds tracked by Insider Monkey owning stakes in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) grew to 22 in Q4 2023, from 17 in the previous quarter. These stakes have a total value of roughly $476.7 million.

3. Frontline plc (NYSE:FRO)

Dividend Yield as of April 27: 9.12%

Frontline plc (NYSE:FRO) is a Bermuda-based shipping company that is engaged in the transportation of crude oil and oil products through its fleet of tankers. The company offers a quarterly dividend of $0.37 per share and has a dividend yield of 9.12%, as of April 27. It has been making regular dividend payments to shareholders since 2015.

Frontline plc (NYSE:FRO) was a part of 12 hedge fund portfolios at the end of Q4 2023, which remained the same as in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a total value of over $286 million.

2. NexPoint Real Estate Finance, Inc. (NYSE:NREF)

Dividend Yield as of April 27: 9.39%

NexPoint Real Estate Finance, Inc. (NYSE:NREF) is a Texas-based real estate investment trust company that invests in commercial mortgage real estate properties. The company initiated its dividend policy in 2020 and has paid regular dividends to shareholders since then. It currently pays a quarterly dividend of $0.50 per share. With a dividend yield of 9.39%, NREF is one of the best under-the-radar stocks with high yields.

As of the end of the fourth quarter of 2023, 5 hedge funds tracked by Insider Monkey held stakes in NexPoint Real Estate Finance, Inc. (NYSE:NREF), the same as in the previous quarter. The consolidated value of these stakes is more than $139 million. With over 8.5 million shares, Highland Capital Management was the company’s leading stakeholder in Q4.

1. Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Dividend Yield as of April 27: 11.01%

With a dividend yield of over 11% as of April 27, Crescent Capital BDC, Inc. (NASDAQ:CCAP) tops our list of the best under-the-radar high dividend stocks. The California-based business development company offers a quarterly dividend of $0.41 per share. In FY23, the company’s dividend income came in at over $13.3 million, up from $7.7 million in 2022.

According to Insider Monkey’s database of Q4 2023, 9 hedge funds held stakes in Crescent Capital BDC, Inc. (NASDAQ:CCAP), compared with 10 in the previous quarter. These stakes have a total value of nearly $55 million. Among these hedge funds, Prem Watsa’s Fairfax Financial Holdings was the largest stakeholder of the company in Q4.

You can also take a look at 10 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts and 11 Oversold MidCap Stocks To Buy Now