Up to date on November twentieth, 2025 by Bob Ciura
Excessive dividend shares means extra revenue for each greenback invested. All different issues equal, the upper the dividend yield, the higher.
Revenue traders usually like to search out low-priced dividend shares, as they will purchase extra shares than they may with higher-priced securities.
On this analysis report, we analyze 9 shares buying and selling beneath $10.00 per share and providing excessive dividend yields of 5.0% and larger.
Moreover, the free excessive dividend shares record spreadsheet beneath has our full record of particular person securities (shares, REITs, MLPs, and so on.) with with 5%+ dividend yields.
Preserve studying to see evaluation on these 9 high-yielding securities, primarily based within the U.S., buying and selling beneath $10 per share that we cowl within the Certain Evaluation Analysis Database.
The record is sorted by dividend yield, in ascending order.
Desk of Contents
Low-Priced Excessive Dividend Inventory #9: Gladstone Land (LAND) – Dividend Yield of 6.0%
Gladstone Land Company is a REIT that makes a speciality of the proudly owning and working of farmland within the U.S.
The belief owns about 160 farms, comprising greater than 100,000 acres of farmable land. Gladstone’s enterprise is made up of three totally different choices accessible to farmers, all of that are accomplished on a triple-net foundation.
The belief gives long-term sale leaseback transactions, conventional leases of farmland, and outright purchases of farm properties. Gladstone’s portfolio has an appraised worth of over $1.5 billion.
Gladstone posted second quarter earnings on August seventh, 2025, and outcomes have been a lot worse than anticipated, including extra weak point to what has been a difficult 12 months. The belief posted adjusted funds-from-operations per share of $0.09, which missed estimates for a breakeven quarter.
Income plummeted 42% year-over-year to $12.3 million, and missed estimates massively, which have been for practically $16 million.
Core bills fell by about $200,000 in the course of the quarter, and money bills have been off by $135,000, however these have been offset by larger property working bills. The latter was attributed to prices to guard water rights and better property taxes from farm vacancies.
Click on right here to obtain our most up-to-date Certain Evaluation report on LAND (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #8: NewtekOne Inc. (NEWT) – Dividend Yield of seven.8%
NewtekOne, beforehand a enterprise improvement firm centered on monetary companies and SBA lending for small- and medium-sized companies, turned a monetary holding firm in January 2023 after buying the Nationwide Financial institution of New York Metropolis.
Immediately, it primarily operates as a financial institution holding firm, offering conventional banking companies resembling deposits and lending, alongside enterprise options resembling cost processing, payroll administration, expertise, and insurance coverage companies.
NewtekOne’s monetary reporting now consolidates outcomes from its banking operations and varied subsidiaries, reflecting a completely built-in monetary companies platform. The corporate generated $81.1 million in internet curiosity revenue final 12 months.
On October twenty ninth, 2025, Newtek posted its Q3 outcomes. Internet revenue was $17.9 million, or diluted earnings per share of $0.67, representing a 49% improve from the prior 12 months. Internet curiosity revenue got here in at $14.5 million, up 32.5% from Q3 2024.
Whole income reached $74.9 million, marking a 19.3% rise year-over-year. Whole belongings stood at $2.40 billion, up from $2.06 billion at year-end 2024, whereas e-book worth per widespread share grew 16.4% year-over-year to $11.72.
The corporate’s Various Mortgage Program mortgage originations totaled $104 million for the quarter, in comparison with $66 million in the identical interval final 12 months. Return on tangible widespread fairness (ROTCE) and return on common belongings (ROAA) have been 23.7% and three.06%, respectively.
Click on right here to obtain our most up-to-date Certain Evaluation report on NEWT (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #7: Barings BDC (BBDC) – Dividend Yield of 11.9%
Barings BDC is a enterprise improvement firm (BDC) centered on offering senior secured loans to middle-market firms, primarily within the U.S. and internationally.
Managed by Barings LLC, a worldwide asset supervisor, the corporate invests in companies with earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) starting from $10 million to $75 million.
As of the most recent quarter, the corporate’s portfolio had a price of $2.62 billion, diversified throughout 329 issuers. About 74% of its loans are secured (71% in First Lien and three% in Second Lien positions) with 89% linked to floating rates of interest. The weighted common unfold for the portfolio was 587 foundation factors.
On August seventh, 2025, Barings BDC posted its Q2 outcomes for the interval ending June thirtieth, 2025. Internet funding revenue (NII) was $29.8 million, or $0.28 per share, up from $26.4 million or $0.25 per share final quarter.
This improve was pushed by larger complete funding revenue and disciplined credit score efficiency, even because the weighted common yield on performing debt investments edged down 10 foundation factors to 9.8%, reflecting ongoing rate of interest normalization.
In the course of the quarter, the corporate invested $137.3 million in 19 new firms and $61.7 million in current positions.
Click on right here to obtain our most up-to-date Certain Evaluation report on BBDC (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #6: PennantPark Floating Fee Capital (PFLT) – Dividend Yield of 13.7%
PennantPark Floating Fee Capital Ltd. is a enterprise improvement firm that seeks to make secondary direct, debt, fairness, and mortgage investments.
The fund additionally goals to speculate by way of floating price loans in non-public or thinly traded or small market-cap, public center market firms, fairness securities, most well-liked inventory, widespread inventory, warrants or choices acquired in reference to debt investments or by way of direct investments.
On August 11, 2025, PennantPark Floating Fee Capital reported outcomes for the third fiscal quarter ended June 30, 2025, highlighting secure revenue era and improved steadiness sheet flexibility.
The corporate posted GAAP internet funding revenue of $0.25 per share, with core internet funding revenue of $0.27 per share when excluding one-time gadgets, comfortably protecting its dividend.
Administration enhanced liquidity by amending its revolving credit score facility, decreasing the rate of interest to SOFR plus 200 foundation factors from SOFR plus 225, extending each the reinvestment interval and remaining maturity by one 12 months, and elevating the first-lien advance price to 72.5%.
These adjustments present larger financing effectivity and room for future portfolio development. Credit score high quality remained robust, with the weighted common leverage ratio of portfolio firms at 4.3 occasions debt-to-EBITDA and an curiosity protection ratio of two.5 occasions.
New platform investments in the course of the quarter mirrored much more conservative ranges, averaging 3.8 occasions debt-to-EBITDA and a couple of.6 occasions curiosity protection. The portfolio’s weighted common loan-to-value ratio was 46%, and its yield to maturity stood at 10.3%.
Nonaccruals have been minimal at simply 1% of value and 0.5% of truthful worth, underscoring disciplined underwriting. PFLT additionally raised $32 million by way of its at-the-market fairness program by issuing 2.8 million shares at a mean value of $11.31 per share, strengthening capital sources.
As well as, the corporate and its three way partnership, PSSL II, dedicated $200 million of fairness and secured $300 million in financing, making a $500 million automobile centered on middle-market senior secured loans.
Click on right here to obtain our most up-to-date Certain Evaluation report on PFLT (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #5: Ellington Credit score Co. (EARN) – Dividend Yield of 18.6%
Ellington Credit score Co. acquires, invests in, and manages residential mortgage and actual property associated belongings. Ellington focuses totally on residential mortgage-backed securities, particularly these backed by a U.S. Authorities company or U.S. authorities–sponsored enterprise.
Company MBS are created and backed by authorities businesses or enterprises, whereas non-agency MBS are not assured by the federal government.
On August nineteenth, 2025, Ellington Credit score reported its first fiscal quarter outcomes for the interval ending June 30, 2025. The corporate generated internet revenue of $10.2 million, or $0.27 per share.
Ellington achieved adjusted internet funding revenue of $6.6 million within the quarter, or $0.18 per share. At quarter finish, Ellington had $36.6 million in money and money equivalents.
Click on right here to obtain our most up-to-date Certain Evaluation report on EARN (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #4: Prospect Capital (PSEC) – Dividend Yield of 19.4%
Prospect Capital Company is a Enterprise Improvement Firm, or BDC, that gives non-public debt and personal fairness to center–market firms within the U.S.
The corporate focuses on direct lending to proprietor–operated firms, in addition to sponsor–backed transactions. Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional fairness investments.
Prospect posted fourth quarter and full-year outcomes on August twenty sixth, 2025, and outcomes have been weak as soon as once more as the corporate continues to wrestle. Internet curiosity revenue for the quarter was 17 cents per share. NII was down from 25 cents from the identical interval a 12 months in the past. Whole income plummeted 21% year-over-year to $167 million.
Whole originations have been $271 million, up from $196 million within the prior quarter. Whole repayments and gross sales have been $445 million, up from simply $192 million in Q3. Internet originations, then, fell from $4 million in Q3 to -$175 million within the remaining quarter of the 12 months, shrinking the corporate’s portfolio to $6.67 billion. That’s down from $7.72 billion a 12 months in the past.
Annualized present yield for all investments rose to 9.6% from 9.2% in Q3, however decrease from 9.8% a 12 months in the past.
Click on right here to obtain our most up-to-date Certain Evaluation report on PSEC (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #3: Orchid Island Capital (ORC) – Dividend Yield of 19.9%
Orchid Island Capital, Inc. is an mREIT that’s externally managed by Bimini Advisors LLC and focuses on investing in residential mortgage-backed securities (RMBS), together with pass-through and structured company RMBSs.
These monetary devices generate money circulate primarily based on residential loans resembling mortgages, subprime, and home-equity loans.
On October 23, 2025, Orchid Island Capital, Inc. reported estimated internet revenue of $0.53 per widespread share for Q3 2025, with e-book worth per share estimated at $7.33 as of September 30, 2025.
The corporate declared a month-to-month dividend of $0.12 per share for October, retaining in line with its month-to-month payout technique.
The RMBS portfolio and derivatives portfolio advanced as the corporate remained centered on company residential mortgage-backed securities paired with hedging methods.
Orchid Island highlighted that the funding backdrop stays enticing with bettering spreads and prepayment threat manageable given the portfolio’s coupon distribution and hedges.
Prepayment exercise remained a focus, with administration noting the necessity for continued vigilance given larger coupon swimming pools and refinancing dynamics.
Click on right here to obtain our most up-to-date Certain Evaluation report on Orchid Island Capital, Inc. (ORC) (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #2: Horizon Expertise Finance (HRZN) – Dividend Yield of 20.7%
Horizon Expertise Finance Corp. is a BDC that gives enterprise capital to small and medium–sized firms within the expertise, life sciences, and healthcare–IT sectors.
On October twenty eighth, 2025, Horizon introduced its Q3 outcomes. For the quarter, complete funding revenue rose 6.9% year-over-year to $26.3 million, pushed primarily by larger charge and curiosity revenue on investments from the debt portfolio.
The corporate’s dollar-weighted annualized yield on common debt investments in Q3 of 2025 and Q3 of 2024 was 18.6% and 15.9%, respectively.
Internet funding revenue per share (IIS) remained flat year-over-year at $0.32. Internet asset worth (NAV) per share improved to $7.12, up from $6.75 within the prior quarter, however this was down from $9.12 within the prior 12 months.
Horizon’s undistributed spillover revenue stood at $0.93 per share at quarter-end, sustaining a powerful revenue cushion to assist future dividends.
Click on right here to obtain our most up-to-date Certain Evaluation report on HRZN (preview of web page 1 of three proven beneath):
Low-Priced Excessive Dividend Inventory #1: Oxford Sq. Capital (OXSQ) – Dividend Yield of twenty-two.3%
Oxford Sq. Capital Corp. is a BDC (Enterprise Improvement Firm) specializing in financing early- and middle-stage companies by way of loans and investments in collateralized mortgage obligations.
On the finish of final quarter, the whole truthful worth of Oxford Sq.’s funding portfolio stood at about $243.2 million throughout 61 positions, allotted roughly 61% in secured debt (48% first-lien, 13% second-lien), 38% in CLO fairness, and about 1% in fairness or different investments. Final 12 months, the BDC generated roughly $42.7 million in complete funding revenue.
On August seventh, 2025, Oxford Sq. Capital reported its Q2 outcomes for the interval ending June thirtieth, 2025. The corporate generated about $9.5 million in complete funding revenue, down from $10.2 million in Q1 2025 and $11.4 million in Q2 2024, primarily on account of decrease curiosity revenue from debt investments.
The weighted common yield on debt investments ticked as much as 14.5%, in comparison with 14.3% in Q1. The BDC’s efficient yield on CLO fairness investments slipped to eight.8%, whereas the money distribution yield on cash-generating CLO fairness fell to 13.8% (from 15.5% in Q1).
The weighted common money distribution yield on income-producing secured notes was 9.0%, versus 9.7% in Q1. Whole bills have been $4.0 million, modestly decrease than $4.1 million in Q1.
Internet funding revenue (NII) got here in at $5.5 million, or $0.08 per share, in contrast with $6.1 million, or $0.09 per share in Q1 2025, and $7.7 million, or $0.13 per share in Q2 2024.
Click on right here to obtain our most up-to-date Certain Evaluation report on OXSQ (preview of web page 1 of three proven beneath):
Last Ideas
When a inventory gives an exceptionally excessive dividend yield, it normally alerts that its dividend is on the threat of being minimize. This actually applies to a lot of the above shares.
Nonetheless, a few of the above shares might be interesting to revenue traders even after a possible dividend minimize, as many would nonetheless have excessive yields.
If you’re desirous about discovering high-quality dividend development shares and/or different high-yield securities and revenue securities, the next Certain Dividend sources shall be helpful:
Excessive-Yield Particular person Safety Analysis
Different Certain Dividend Sources
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