5 Dividend Stocks with 10%+ Yield

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

Dividend Yield as of May 16: 13.16%

Barings BDC, Inc. (NYSE:BBDC) is a North Carolina-based business development company. In its first quarter of 2023, the company reported a total interest income of roughly $52 million, which showed a 62% growth from the same period last year. The company’s total assets, as of March 2023, stood at over $2.7 billion.

On May 4, Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend of $0.25 per share, consistent with its previous dividend. The company started paying dividends in 2018 and has raised its payouts multiple times since then, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on May 16 came in at 13.16%.

At the end of Q4 2022, 10 hedge funds tracked by Insider Monkey held investments in Barings BDC, Inc. (NYSE:BBDC), the same as in the previous quarter. These stakes have a total value of over $34 million. With over 2.2 million shares, Callodine Capital Management was the company’s leading stakeholder in Q4.