5 Very High Yield Dividend Stocks to Check Out

4. Green Plains Partners LP (NASDAQ:GPP)

Dividend Yield as of September 27: 14.69%

Green Plains Partners LP (NASDAQ:GPP) is an American fee-based limited partnership that provides ethanol and fuel storage and transportation services to other related assets and businesses. On July 21, the company announced a 1% hike in its quarterly dividend to $0.45 per share. This was the company’s second consecutive dividend raise this year, which puts it on our list of best dividend stocks with very high yields. As of September 27, the company’s shares have a yield of 14.69%.

In Q2 2022, Green Plains Partners LP (NASDAQ:GPP) reported an operating cash flow of $12.2 million, up from $9 million in the previous quarter. Its free cash flow for the quarter came in at $12 million, growing from $8.7 million in the preceding quarter. The company ended Q2 with $604.2 million available in cash and cash equivalents and $70 million available under a committed credit facility.

At the end of Q2 2022, 3 hedge funds tracked by Insider Monkey had stakes in Green Plains Partners LP (NASDAQ:GPP), the same as in the previous quarter. These stakes hold a combined value of over $24.7 million. With $24.2 million worth of stakes, No Street Capital owned the largest position in the company in Q2.