In this article, we discuss 10 very high-yield dividend stocks to check out. If you want to read our detailed analysis of the best dividend stocks and their returns over the years, go directly to read 10 Very High Yield Dividend Stocks to Check Out.
5. FS KKR Capital Corp. (NYSE:FSK)
Dividend Yield as of September 27: 13.76%
FS KKR Capital Corp. (NYSE:FSK) is an American business development company that provides customized credit solutions to private middle market companies in the country. In Q2 2022, the company reported a total investment income of $379 million, which showed an 84% growth from the same period last year. The company’s operating cash flow for the quarter stood at over $605 million and has over $232 million available in cash and cash equivalents.
FS KKR Capital Corp. (NYSE:FSK) started paying dividends in 2019 and has slashed its dividends many times over these years. It currently offers a quarterly dividend of $0.67 per share, with a dividend yield of 13.76%, as of September 27.
At the end of Q2 2022, 11 hedge funds in Insider Monkey’s database owned stakes in FS KKR Capital Corp. (NYSE:FSK), compared with 13 in the previous quarter. The consolidated value of these stakes is nearly $84 million. Beach Point Capital Management owned the largest stake in the company in Q2.
4. Green Plains Partners LP (NASDAQ:GPP)
Dividend Yield as of September 27: 14.69%
Green Plains Partners LP (NASDAQ:GPP) is an American fee-based limited partnership that provides ethanol and fuel storage and transportation services to other related assets and businesses. On July 21, the company announced a 1% hike in its quarterly dividend to $0.45 per share. This was the company’s second consecutive dividend raise this year, which puts it on our list of best dividend stocks with very high yields. As of September 27, the company’s shares have a yield of 14.69%.
In Q2 2022, Green Plains Partners LP (NASDAQ:GPP) reported an operating cash flow of $12.2 million, up from $9 million in the previous quarter. Its free cash flow for the quarter came in at $12 million, growing from $8.7 million in the preceding quarter. The company ended Q2 with $604.2 million available in cash and cash equivalents and $70 million available under a committed credit facility.
At the end of Q2 2022, 3 hedge funds tracked by Insider Monkey had stakes in Green Plains Partners LP (NASDAQ:GPP), the same as in the previous quarter. These stakes hold a combined value of over $24.7 million. With $24.2 million worth of stakes, No Street Capital owned the largest position in the company in Q2.
3. Icahn Enterprises L.P. (NASDAQ:IEP)
Dividend Yield as of September 27: 16.28%
Icahn Enterprises L.P. (NASDAQ:IEP) is an American diversified holding company that provides services in a wide range of industries. The company has sustained the same quarterly payout of $2.00 per share since 2019. As of September 27, the stock’s dividend yield stood at 16.28%.
In Q2 2022, Icahn Enterprises L.P. (NASDAQ:IEP) reported revenue of $3.5 billion, up 17.1% from the same period last year. Its cash position remained strong during the quarter as it had $2.4 billion available in cash and cash equivalents and $26.9 billion in total assets. In the first six months of the year, the company’s net income stood at $195 million.
At the end of Q2 2022, Icahn Enterprises L.P. (NASDAQ:IEP) was a part of 2 hedge fund portfolios, compared with 4 in the preceding quarter, according to Insider Monkey’s data. The collective value of stakes owned by these hedge funds stood at $13.3 billion, with Icahn Capital LLP owning the major position in the company.
2. Newtek Business Services Corp. (NASDAQ:NEWT)
Dividend Yield as of September 27: 16.55%
Newtek Business Services Corp. (NASDAQ:NEWT) is a non-diversified management investment company that also operates as a business development company. In August, Raymond James upgraded the stock to Market Perform, mentioning that the company’s Q2 results were ahead of Street consensus. The firm further pointed out that its outlook for earnings is brighter.
Newtek Business Services Corp. (NASDAQ:NEWT) currently pays a quarterly dividend of $0.65 per share. The company is one of the best dividend stocks with a high yield as it has raised its dividends at a CAGR of 14.1% in the past five years. As of September 27, the stock’s dividend yield came in at 16.55%.
In Q2 2022, Newtek Business Services Corp. (NASDAQ:NEWT) posted a net investment income of $0.75 per share, which beat estimates by $0.03. The company’s total investment portfolio increased by 8.8% to $757 million. It reported $19.2 million in total investment income and its net income for the quarter stood at $13.5 million.
At the end of June 2022, 5 hedge funds in Insider Monkey’s database owned stakes in Newtek Business Services Corp. (NASDAQ:NEWT), falling from 7 in the previous quarter. The collective value of these stakes is $22.5 million.
1. Orchid Island Capital, Inc. (NYSE:ORC)
Dividend Yield as of September 27: 21.15%
Orchid Island Capital, Inc. (NYSE:ORC) tops our list of the best dividend stocks with very high yields. It is a Florida-based specialty finance company that invests in residential mortgage-backed securities on a leveraged basis. On September 12, the company declared a monthly dividend of $0.16 per share, up from its previous dividend of $0.045 per share. The company has been paying consistent dividends to shareholders since its IPO in 2013. As of September 27, the stock has a dividend yield of 21.15%.
Orchid Island Capital, Inc. (NYSE:ORC) reported revenue of $66.2 million in the second quarter of 2022, up 26% from the same period last year. The company’s net interest income was recorded at $27.1 million and its total expenses stood at $4.9 million. Its cash position also remained strong in Q2 as it reported $283.3 million in cash and cash equivalents and its total assets stood at over $4.4 billion.
As of the close of Q2 2022, 5 hedge funds in Insider Monkey’s database owned stakes in Orchid Island Capital, Inc. (NYSE:ORC), compared with 4 in the previous quarter. The collective value of these stakes is $536,000. Balyasny Asset Management owned the largest stake in the company, worth $277,000.
You can also take a look at 10 Dividend Aristocrats Under $60 You Can Buy in September and 10 Best Dividend Stocks to Buy According to Thomas Bailard’s Hedge Fund
