5 Cheap Dividend Stocks with Over 6% Yield

3. Oaktree Specialty Lending Corporation (NASDAQ:OCSL)

Dividend Yield as of June 26: 10.25%
Share Price as of June 26: $6.44

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a California-based asset management firm. As of May, the company’s assets under management stood at over $164 billion. In fiscal Q2 2022, it reported a total investment income of $64.3 million, which beat analysts’ estimates by $5.77 million and also showed a 53.5% growth from the same period last year. However, the company’s EPS of $0.08 missed consensus by $0.09.

In May, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) raised its quarterly dividend for the straight 8^th quarter to $0.165 per share. The company’s payout ratio stands at 68.4% and its dividend yield came in at 10.25%, as of June 26.

Howard Marks’ Oaktree Capital Management was the largest stakeholder of Oaktree Specialty Lending Corporation (NASDAQ:OCSL) in Q1, owing over 5 million shares, worth nearly $37 million. In addition to this, 9 hedge funds in Insider Monkey’s database held positions in the company in Q1, with stakes valued at $86.4 million.