In this article, we will take a look at the Top 5 Dividend Stocks with 10%+ Yield. For deeper discussion and analysis, read Top 10 Dividend Stocks with 10%+ Yield.
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5. BW LPG Limited (NYSE:BWLP)
Dividend Yield as of June 27: 13.56%
On June 16, Pareto downgraded BW LPG Limited (NYSE:BWLP) to Hold from Buy. It assigned a NOK 209 price target to the stock. The firm said the downgrade was driven by valuation following the stock’s recent rally. Pareto added that it sees limited upside to BW LPG’s consensus estimates.
Earlier, on June 3, the company announced it had completed the sale of its 8.50% equity stake in Confidence Petroleum India Limited. The company commented:
“Following the announcement made on 20 May 2025 on BW LPG’s cessation of investment in infrastructure, we have exited our various infrastructure partnership in India. Today, we sold our 8.5% equity position in CPIL, and the divestment marks the full exit of BW LPG as a shareholder in CPIL.”
BW LPG also said the investment in CPIL was classified as an equity investment. All fair value changes had already been recognized before the sale, meaning the transaction had no impact on the company’s profit or loss or total equity.
BW LPG Limited (NYSE:BWLP) is a Singapore-based owner and operator of liquefied petroleum gas (LPG) vessels. The company owns and operates very large gas carriers (VLGCs) with a total carrying capacity of more than four million cubic meters.
4. Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)
Dividend Yield as of June 27: 14.14%
On June 17, BTIG lowered its price recommendation on Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) to $10 from $13.50. It reiterated a Buy rating on the shares. The firm said residential credit-focused mortgage real estate investment trusts continue to offer more attractive valuations than agency-focused REITs, along with greater long-term book value upside potential.
During the company’s first-quarter 2026 earnings call, President & CEO Sreeniwas Prabhu said the results reflected a continued trend of operating growth, supported by another quarter of net interest income expansion and disciplined expense management.
Prabhu added that the quarter was also affected by unfavorable valuation impacts as interest rates and credit spreads increased and became more volatile. Treasurer & CFO Brandon Filson said the company reported a GAAP net loss of $7.4 million, or $0.30 per diluted common share, for the first quarter. He explained that the loss was mainly driven by unrealized valuation changes in the company’s securitized and unsecuritized loan portfolios, which were affected by macroeconomic market volatility toward the end of the quarter.
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) is a real estate investment trust (REIT) focused on acquiring and investing in first-lien non-qualified residential mortgage (non-QM) loans and other mortgage-related assets in the U.S. mortgage market.
3. MFA Financial, Inc. (NYSE:MFA)
Dividend Yield as of June 27: 14.68%
On June 17, BTIG upgraded MFA Financial, Inc. (NYSE:MFA) to Buy from Neutral. It set a $10.50 price target on 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 potential. According to the analyst, MFA Financial’s earnings have been pressured by realized losses from its legacy portfolio, but that trend is expected to improve in the second half of the year. As a result, distributable earnings should once again be sufficient to cover the dividend. BTIG added that the expected improvement in earnings should help narrow the stock’s valuation discount.
Earlier, on June 3, RBC Capital lowered its price recommendation on MFA to $10 from $11. It reiterated a Sector Perform rating on the shares. In a research note, the analyst said the firm still expects some near-term pressure on MFA’s distributable earnings per share from credit loss realizations. Those losses could accelerate in the second quarter before easing in the second half of 2026 and into early 2027.
MFA Financial, Inc. (NYSE:MFA) is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, and other real estate assets.
2. Palmer Square Capital BDC Inc. (NYSE:PSBD)
Dividend Yield as of June 27: 15.03%
On June 24, Lucid Capital initiated coverage of Palmer Square Capital BDC Inc. (NYSE:PSBD) with a Neutral rating and a $11.50 price target. The firm said the recent weakness in net asset value was driven more by mark-to-market pressure caused by wider spreads and market volatility than by deteriorating credit fundamentals. It also noted that the stock’s 13.8% dividend yield and share repurchase program “provide additional support to shareholder returns.” At the same time, the analyst said Palmer Square’s share discount appropriately reflects a more volatile net asset value and a less robust earnings profile than its peers, according to a research note.
On May 28, RBC Capital lowered its price recommendation on PSBD to $11 from $12. It reiterated a Sector Perform rating on the shares. The firm revised its estimates following the company’s first-quarter results, noting that the sequential decline in net asset value was driven by pricing in the liquid loan market as spreads widened, rather than by credit-related issues, the analyst told investors in a research note.
Palmer Square Capital BDC Inc. (NYSE:PSBD) is an externally managed, non-diversified closed-end management investment company.
1. Runway Growth Finance Corp. (NASDAQ:RWAY)
Dividend Yield as of June 27: 25.47%
On June 15, BofA downgraded Runway Growth Finance Corp. (NASDAQ:RWAY) to Underperform from Neutral. It lowered its price target on the stock to $5.50 from $9. The analyst said the company’s first-quarter results highlighted continued pressure on earnings, rising non-accruals, and a decline in net asset value per share. BofA expects profitability to remain under pressure, leading to further erosion in NAV per share and “another dividend reset.” The analyst also noted that concentration risk worsened the impact of negative credit migration. While better sourcing and greater diversification should help reduce that risk over time, the firm believes it will take time for those improvements to fully materialize.
During the company’s Q1 2026 earnings call, CFO and COO Thomas Raterman said the company generated total investment income of $29.5 million and net investment income of $10.6 million during the first quarter. He also noted that the portfolio’s risk rating changed mainly because two loans, Marley Spoon and BlueShift, were moved to Category 5 and placed on nonaccrual status.
Runway Growth Finance Corp. (NASDAQ:RWAY) is a specialty finance company focused on providing senior secured loans to high-growth companies in technology, healthcare, business services, financial services, select consumer services and products, and other high-growth industries.
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