5 Best Dividend Stocks with Over 8% Yield You Can Buy in September

In this article, we discuss 5 dividend stocks with over 8% yield to buy in September. If you want to read our detailed analysis of top high dividend stocks, go directly to read 10 Best Dividend Stocks with Over 8% Yield You Can Buy in September. 

5. Oaktree Specialty Lending Corporation (NASDAQ:OCSL)

Dividend Yield as of September 8: 10.01%

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a California-based specialty finance company that provides one-stop credit solutions to companies with limited access to capital markets. On August 4, the company declared a 3% hike in its quarterly dividend to $0.17 per share. The company has been raising its dividends consistently for the past 8 years, coming through as one of the top high dividend stocks. As of September, the stock has an attractive dividend yield of 10.01%.

In fiscal Q3 2022, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) reported a total investment income of $63.1 million, and its net asset value per share came in at $6.89. Its net investment income for the quarter stood at $31.4 million, down from $32.3 million in the previous quarter. The company had over $34.3 million available in cash and cash equivalents, up from $29.3 million during the same period last year. In addition to this, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) generated $23.7 million in free cash flow and paid nearly $1 million in dividends during the quarter.

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. With $32.8 million worth of stakes, Oaktree Capital Management held the largest stake in the company in Q2.