In this article, we will take a look at the Top 10 Dividend Stocks with 10%+ Yield.
High dividend yields have always divided opinion among analysts and investors. Analysts usually approach extremely high yields with caution, while many investors see them as an opportunity to lock in higher income.
There is a reason for that caution. An unusually high dividend yield can sometimes point to financial stress, and several companies with eye-catching yields have eventually reduced or suspended their dividend payments. Still, a high yield on its own does not define a company’s financial health. In fact, many studies have shown that high-yield stocks have generated solid returns over the years.
One such report from Newton Investment Management found that high-yield dividend stocks outperformed the broader market during periods of high inflation between 1940 and 2021. The study also showed that portfolios made up of high-yield dividend stocks delivered stronger value-weighted returns than portfolios focused on low-yield or non-dividend-paying stocks.
According to the report, high-yield portfolios outperformed low-yield portfolios by 199 basis points and portfolios with no dividend-paying stocks by 330 basis points. Those findings are meaningful, though they do not explain the market environment behind the results. They offer a broader view of how high-yield stocks have performed over time.
Analysts have also looked closely at how dividend stocks perform during periods of market volatility, when investors tend to place greater value on reliable income. Because of that, they generally recommend considering high-yield stocks only if the companies also have a long and consistent record of growing their dividends.
Given this, we will take a look at some of the best dividend stocks with dividend yields above 10%.
Image by Steve Buissinne from Pixabay
Our Methodology:
For this list, we screened for dividend companies that have yields above 10%, as of June 27. Companies with high dividend yields often do not have the most stable dividend policies. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. Blue Owl Capital Inc. (NYSE:OWL)
Dividend Yield as of June 27: 10.74%
On June 25, Bloomberg reported that Blue Owl Capital Inc. (NYSE:OWL) is in advanced talks to acquire a minority stake in the NBA’s Cleveland Cavaliers, citing people familiar with the matter.
According to the report, the investment would be made through Blue Owl’s Dyal HomeCourt Partners fund. The people, who were not authorized to speak publicly about the discussions, said the fund already holds stakes in the Atlanta Hawks, Sacramento Kings, and Minnesota Timberwolves.
A person familiar with the situation said the stake is expected to be between 5% and 10%. Sportico values the Cavaliers at $4.86 billion, making the franchise the 16th most valuable team in the NBA. Blue Owl and the Cavaliers declined to comment.
Blue Owl Capital Inc. (NYSE:OWL) is an alternative asset management company. It deploys private capital across its Credit, Real Assets, and GP Strategic Capital platforms on behalf of institutional and private wealth clients.
9. Blackstone Mortgage Trust, Inc. (NYSE:BXMT)
Dividend Yield as of June 27: 10.79%
On June 26, Keefe Bruyette lowered the firm’s price recommendation on Blackstone Mortgage Trust, Inc. (NYSE:BXMT) to $20 from $20.50. It reiterated an Outperform rating on the shares. The move followed media reports that the company’s loan tied to the Chicago office tower One South Wacker had gone into maturity default. In a research note, analyst Jade Rahmani said it reduced its estimates to account for higher expected losses on the loan.
Earlier, on June 15, Keefe Bruyette had lowered its price goal on BXMT to $20.50 from $21. It maintained an Outperform rating. The firm said it had become “slightly” more cautious about the outlook for the commercial real estate market, according to the analyst’s research note.
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is a real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments backed by, or related to, commercial real estate across North America, Europe, and Australia.
8. Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)
Dividend Yield as of June 27: 11.30%
On June 12, Wells Fargo downgraded Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) to Underweight from Equal Weight and lowered its price target to $12 from $13.The firm said it downgraded three business development company stocks because of “richer valuations and the difficulty to deliver for those in today’s environment.” Analyst Finian O’Shea said continued non-accruals and restructurings could weigh on net operating income and dividend coverage into next year. Wells Fargo also said Nuveen Churchill’s credit performance, combined with “thin” portfolio spreads, has resulted in a dividend yield that trails the broader market.
Earlier, on May 22, BofA lowered its price recommendation on NCDL to $14 from $15.25. It reiterated a Buy rating on the shares. The firm said it updated its estimates and price targets for several business development companies following their first-quarter earnings reports.
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) is a specialty finance company. Its investment objective is to generate attractive risk-adjusted returns through current income by investing primarily in senior secured loans to private equity-owned middle-market companies in the United States.
7. Ellington Financial Inc. (NYSE:EFC)
Dividend Yield as of June 27: 11.50%
On June 17, BTIG downgraded Ellington Financial Inc. (NYSE:EFC) to Neutral from Buy. It did not assign a price target to the stock. The firm said residential credit-focused mortgage real estate investment trusts offer more attractive valuations than agency-focused peers, along with greater long-term book value upside. BTIG cited Ellington’s “premium valuation” as the main reason for the downgrade. According to the analyst, the company has only a limited history of trading at a premium to book value, which reduces the potential upside for the shares.
During its first-quarter 2026 earnings call, CEO, President & Director Laurence Penn said Ellington Financial delivered an exceptionally strong quarter, supported by solid GAAP net income and adjusted distributable earnings.
Penn said the company reported GAAP net income of $0.78 per share, generated an annualized economic return of 26%, and increased book value per share by 3% even after paying dividends. He also pointed to Longbridge’s performance, saying the business posted one of its strongest quarters for proprietary reverse mortgage loan originations. He credited the results to continued market share gains in HECM originations and healthy gain-on-sale margins across the product portfolio. Penn added that the quarter included a one-time litigation settlement payment and that Longbridge’s net income had already surpassed its full-year 2025 earnings by a wide margin.
Penn also said the company completed seven transactions totaling more than $2.8 billion through its EFMT shelf during the quarter.
Ellington Financial Inc. (NYSE:EFC) operates as a real estate investment trust (REIT). The company acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets.
6. TXO Partners, L.P. (NYSE:TXO)
Dividend Yield as of June 27: 11.51%
On June 24, Raymond James lowered its price recommendation on TXO Partners, L.P. (NYSE:TXO) to $20 from $22. It reiterated a Strong Buy rating on the shares. The move came after the firm cited a weaker oil price outlook. In a research note, the analyst said TXO remains a recommended stock because of its very high dividend yield and relatively low base production decline rate.
Earlier this year, TXO Partners announced that its joint venture, Cross Timbers Energy, is selling nearly all of its oil and gas assets to several private buyers for $200 million. The transaction includes a $123.5 million sale to CTOC Energy, an entity owned by family members of the company’s chairman. TXO expects the deal to close in the second quarter of 2026.
The company expects to receive about $100 million from the transaction and plans to use part of the proceeds to fund a $70 million payment related to its White Rock Energy acquisition. Once the divestiture is complete, TXO will focus its operations on the Williston, San Juan, and Permian basins.
TXO Partners, L.P. (NYSE:TXO) is a master limited partnership focused on acquiring, developing, optimizing, and producing conventional oil, natural gas, and natural gas liquids (NGL) reserves across North America.
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