5 Cheap Dividend Stocks with Over 6% Yield

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1. Broadmark Realty Capital Inc. (NYSE:BRMK)

Dividend Yield as of June 26: 11.98%
Share Price as of June 26: $7.01

Broadmark Realty Capital Inc. (NYSE:BRMK) is a Washington-based specialty real estate finance company that provides financing solutions to its consumers.

Broadmark Realty Capital Inc. (NYSE:BRMK) currently offers a monthly dividend of $0.17 per share and has been raising its dividends for the past two years. The stock’s dividend yield, as of June 26, came in at 11.98%. In June, Piper Sandler initiated its coverage of Broadmark Realty Capital Inc. (NYSE:BRMK) with a Neutral rating, appreciating the company’s long-term investment opportunities. The firm further expressed concerns regarding the ongoing uncertain environment for construction loans.

As per Insider Monkey’s Q1 2022 data, 7 hedge funds reported owning stakes in Broadmark Realty Capital Inc. (NYSE:BRMK), down from 11 in the previous quarter. These stakes hold a consolidated value of over $50 million. Farallon Capital was the company’s leading shareholder in Q1, owning shares worth nearly 5 million.

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