5 High-Dividend Stocks to Buy Under $10

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

Dividend Yield as of August 5: 12.02%
Share Price as of August 5: $8.43

An American business development company, Barings BDC, Inc. (NYSE:BBDC) is next on our list of the best dividend stocks under $10 with high yields. The company has raised its dividends multiple times since the inception of its dividend policy in 2018. It currently pays a quarterly dividend of $0.25 per share and has a dividend yield of 12.02%, as recorded on August 5.

At the end of Q1 2023, 11 hedge funds in Insider Monkey’s database owned stakes in Barings BDC, Inc. (NYSE:BBDC), up from 10 in the previous quarter. These stakes have a collective value of over $31.1 million. With over 2.2 million shares, Callodine Capital Management was the company’s leading stakeholder in Q1.