5 Very High Yield Dividend Stocks With Upside Potential

4. Granite Point Mortgage Trust Inc. (NYSE:GPMT)

Number of Hedge Fund Holders: 14

One-Year Average Price Estimate: $8.50

Commercial real estate finance company Granite Point Mortgage Trust Inc. (NYSE:GPMT) ranks 4th in our list of the high dividend stocks with upside potential.

In December, Granite Point Mortgage Trust Inc. (NYSE:GPMT) declared a quarterly dividend of $0.20 per share. While the dividend was lower than the previous dividend, forward dividend yield still came in at over 13%. The latest dividend was payable on January 17 for shareholders of record as of December 20.

A total of 14 hedge funds tracked by Insider Monkey reported having positions in Granite Point Mortgage Trust Inc. (NYSE:GPMT) at the end of December 2022.