In this article, we will take a look at the 5 Ultra-High Dividend Stocks to Buy for Income Investors. For deeper discussion and analysis, read 12 Ultra-High Dividend Stocks to Buy for Income Investors.
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5. Mach Natural Resources LP (NYSE:MNR)
Dividend Yield as of June 21: 14.62%
On June 18, Raymond James lowered its price recommendation on Mach Natural Resources LP (NYSE:MNR) to $18 from $20. It reiterated a Strong Buy rating on the shares. The firm said the revision was driven by the sharp decline in oil prices during the week.
During the company’s first-quarter 2026 earnings call, Chief Executive Officer and Director Tom Ward said Mach Natural Resources has remained focused on acquiring assets that generate free cash flow and can be purchased at prices below the PV-10 value of their producing properties. He also noted that the company has continued to keep its reinvestment rate below 50% of operating cash flow, a strategy aimed at maximizing shareholder distributions.
Ward said the company began drilling for oil in the Oswego formation in Kingfisher County, Oklahoma, on May 1 with the deployment of its first rig. He explained that the move effectively adds three oil-focused rigs by postponing the deep Anadarko dry gas drilling program.
He also discussed the impact of the IKAV and Sabinal acquisitions completed in September. According to Ward, those transactions increased the company’s leverage ratio to about 1.3x. Ward added that management has paused its acquisition strategy for now. He said the company would only consider future acquisitions if they are accretive to cash available for distribution and help lower debt levels through the use of equity financing.
Mach Natural Resources LP (NYSE:MNR) is an independent upstream oil and gas company focused on the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGL) reserves.
4. Dynex Capital, Inc. (NYSE:DX)
Dividend Yield as of June 21: 15.62%
On June 17, BTIG lowered its price recommendation on Dynex Capital, Inc. (NYSE:DX) to $14.50 from $16. It maintained a Buy rating on the shares. The firm expects agency mortgage real estate investment trusts to generate an economic return of about 13% in 2026. According to BTIG, dividends should help offset modest declines in book value. The analyst also said the long-term backdrop for the sector remains supportive, with spreads still attractive relative to historical levels. That environment is expected to support both book values and dividend outlooks.
During the company’s first-quarter 2026 earnings call, Chief Financial Officer Michael Sartori reported book value per share of $12.60 at quarter-end. He said the company generated a negative economic return of 2.5% during the quarter. The result reflected common dividends of $0.51 per share and a decline in book value of $0.85 per share.
Sartori also noted that leverage stood at 8.6 times total equity at the end of the quarter. He added that Dynex maintained a strong liquidity position, with $1.3 billion in cash and unencumbered securities. That amount represented more than 46% of total equity.
Chief Investment Officer Terrence Connelly said spreads on Agency mortgage-backed securities (MBS) relative to seven-year interest rate swaps had started to tighten again. He added that management believes spreads could move back toward 120 basis points, with the potential for a longer-term equilibrium level closer to 100 basis points.
Dynex Capital, Inc. (NYSE:DX) is a financial services company and an internally managed mortgage real estate investment trust (REIT). The company invests primarily in mortgage-backed securities and finances those investments mainly through repurchase agreements.
3. Hafnia Limited (NYSE:HAFN)
Dividend Yield as of June 21: 15.92%
On May 28, Pareto analyst Eirik Haavaldsen downgraded Hafnia Limited (NYSE:HAFN) to Hold from Buy. The analyst also assigned a NOK 79 price target to the stock.
During Hafnia’s first-quarter 2026 earnings call, Chief Executive Officer Mikael Skov said the quarter was shaped by an unprecedented geopolitical disruption in global oil markets. He explained that the closure of the Strait of Hormuz significantly changed trade routes for both crude oil and refined products.
Skov said the situation became even more challenging due to attacks on Middle Eastern refineries, refinery production cuts, and export restrictions in parts of Asia. According to him, these events disrupted supply chains and trade flows across several regions.
He noted that the loss of an estimated 12.8 million barrels per day of global oil supply forced a rapid reshaping of crude and refined product transportation patterns. Skov added that the impact was partly offset by increased production from the Atlantic Basin and the International Energy Agency’s coordinated release of up to 400 million barrels from strategic reserves to help ease supply shortages.
Despite the difficult operating environment, Skov said Hafnia delivered another quarter of strong financial results. The company reported net profit of $179.7 million in the first quarter of 2026, including $32.5 million in gains from vessel sales. He also noted that Hafnia’s fee-based business contributed $7.8 million during the quarter.
Looking ahead, Skov said drydocking activity is expected to continue through the rest of 2026. The company currently expects around 300 off-hire days in the second quarter.
Hafnia Limited (NYSE:HAFN) is a tanker company whose principal activity is investment holding. The company operates across several segments, including Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy, and Specialised vessels.
2. Mechanics Bancorp (NASDAQ:MCHB)
Dividend Yield as of June 21: 19.10%
On May 29, Raymond James initiated coverage of Mechanics Bancorp (NASDAQ:MCHB) with an Outperform rating and a $17 price target. The firm said the West Coast regional bank has relied heavily on mergers and acquisitions as a growth driver. According to the analyst, the recently completed HomeStreet transaction is already proving to be a highly accretive, “home run” deal. Raymond James also views Mechanics Bancorp as a potential acquisition target over time, citing the strength of its platform and the scarcity value of a bank of its size on the West Coast.
During the company’s first-quarter 2026 earnings call, President and Chief Executive Officer C. Johnson reported net income of $44.1 million. He added that fully diluted earnings per share were $0.19. Johnson noted that the company recorded a $6.5 million provision tied entirely to qualitative Current Expected Credit Losses (CECL) factors related to geopolitical uncertainty stemming from the conflict involving Iran. He emphasized that the provision was not driven by any specific deterioration in the company’s loan portfolio.
He also said the company incurred slightly less than $5 million in merger-related expenses during the quarter. In addition, Johnson noted that the integration of HomeStreet continued to progress smoothly. All legacy HomeStreet customers were migrated to the company’s core banking platform during the final week of March, marking an important milestone in the integration process.
Mechanics Bancorp (NASDAQ:MCHB) is the financial holding company for Mechanics Bank, a full-service banking institution. The bank offers a broad range of products and services across consumer and business banking, commercial lending, cash management, private banking, wealth management, and trust services.
1. Arbor Realty Trust, Inc. (NYSE:ABR)
Dividend Yield as of June 21: 20.58%
On June 15, Keefe Bruyette analyst Jade Rahmani cut the firm’s price target on Arbor Realty Trust, Inc. (NYSE:ABR) to $5.50 from $6.50 and maintained an Underperform rating. In a research note, the analyst said the firm is becoming “slightly” more cautious about the commercial real estate outlook.
A month earlier, on May 14, Citizens lowered its price recommendation on Arbor Realty to $8.50 from $9.50. It reiterated an Outperform rating on the stock. The analyst noted that Arbor is continuing to make progress in working through nonperforming loans and selling REO assets. That said, higher interest rates linked to the conflict in the Middle East have slowed the resolution process and extended the expected timeline. Citizens also argued that the stock’s 28% decline since Arbor reported its first-quarter results on May 8 appears excessive.
Arbor Realty Trust, Inc. (NYSE:ABR) operates as a real estate investment trust and direct lender. The company originates and services loans for multifamily properties, single-family rental (SFR) portfolios, and other commercial real estate assets.
While we acknowledge the potential of ABR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ABR and that has 100x upside potential, check out our report about the cheapest AI stock.
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