5 Cheap Dividend Stocks with High Yields

3. Barings BDC, Inc. (NYSE:BBDC)

P/E Ratio as of December 7: 9.64
Dividend Yield as of December 7: 12.00%

Barings BDC, Inc. (NYSE:BBDC) is a business development company that primarily focuses on providing financing solutions to middle-market companies. The company has raised its dividends every year since 2018 and it offers a quarterly dividend of $0.26 per share. As of December 7, the stock’s dividend yield came in at 12%.

As of the end of September 2023, 13 hedge funds owned stakes in Barings BDC, Inc. (NYSE:BBDC), up from 12 in the previous quarter, as per Insider Monkey’s database. The collective value of these stakes is over $46.6 million. With over 2.4 million shares, Callodine Capital Management was the company’s leading stakeholder in Q3.

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