5 High-Dividend Stocks to Buy Under $10

In this article, we discuss 5 high-dividend stocks to buy under $10. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 High-Dividend Stocks to Buy Under $10.

5. Uniti Group Inc. (NASDAQ:UNIT)

Dividend Yield as of August 5: 11.41%
Share Price as of August 5: $5.26

Uniti Group Inc. (NASDAQ:UNIT) is an American real estate investment trust company that focuses on owning, acquiring, and leasing mission-critical communication infrastructure. On August 1, the company declared a quarterly dividend of $0.15 per share, similar to its previous dividend. As of August 5, the stock has a dividend yield of 11.41%.

In the second quarter of 2023, Uniti Group Inc. (NASDAQ:UNIT) posted revenue of $283.7 million, down slightly by 0.1% from the same period last year. The company ended the quarter with over $452 million available in cash and cash equivalents and its operating cash flow for the quarter came in at roughly $200 million.

As per Insider Monkey’s database of Q1 2023, 24 hedge funds owned stakes in Uniti Group Inc. (NASDAQ:UNIT), up from 23 in the previous quarter. Their collective stake value is nearly $86 million.

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.

3. Ellington Residential Mortgage REIT (NYSE:EARN)

Dividend Yield as of August 5: 13.04%
Share Price as of August 5: $7.05

Ellington Residential Mortgage REIT (NYSE:EARN) is an American real estate investment trust company that invests in residential mortgages and real estate-related assets. The company offers monthly dividends to shareholders, which makes it one of the best dividend stocks on our list. It currently pays a monthly dividend of $0.08 per share and has a dividend yield of 13.04%, as of August 5.

At the end of Q1 2023, 6 hedge funds in Insider Monkey’s database owned stakes in Ellington Residential Mortgage REIT (NYSE:EARN), worth over $6.67 million collectively.

2. Diana Shipping Inc. (NYSE:DSX)

Dividend Yield as of August 5: 15.35%
Share Price as of August 5: $3.92

Diana Shipping Inc. (NYSE:DSX) is a global shipping company, based in Greece, which owns and operates a fleet of bulk carriers. The company has been growing its dividends every year since the inception of its dividend policy in 2021, which makes it one of the best dividend stocks on our list. It offers a quarterly dividend of $0.15 per share and its dividend yield on August 5 came in at 15.35%.

As of the end of the first quarter of 2023,9 hedge funds in Insider Monkey’s database held stakes in Diana Shipping Inc. (NYSE:DSX), compared with 10 a quarter earlier. The total value of these stakes is over $27.8 million.

1. ARMOUR Residential REIT, Inc. (NYSE:ARR)

Dividend Yield as of August 5: 18.60%
Share Price as of August 5: $5.11

ARMOUR Residential REIT, Inc. (NYSE:ARR) tops our list of the best dividend stocks under $10. As of August 5, the stock has a dividend yield of 18.6%. The company has been making regular dividend payments to shareholders since 2010 and pays a monthly dividend of $0.08 per share.

At the end of Q1 2023, 4 hedge funds tracked by Insider Monkey reported having stakes in ARMOUR Residential REIT, Inc. (NASDAQ:ARR), worth over $6 million collectively.

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