Printed on January thirteenth, 2026 by Bob Ciura
Dividend shares are naturally interesting for earnings traders, however not all dividend shares are buys.
Earnings traders usually need to keep away from dividend cuts every time doable. Not solely does a dividend reduce end in a lack of earnings, however an organization’s share value usually declines after asserting a dividend discount or suspension.
With this in thoughts, we compiled a listing of excessive dividend shares with dividend yields above 5%. You possibly can obtain your free copy of the excessive dividend shares listing by clicking on the hyperlink beneath:
Earnings traders ought to attempt to keep away from dividend cuts or elimination as a lot as doable.
The ten shares on this article all have Dividend Danger Scores of ‘F’ (our lowest grade) within the Certain Evaluation Analysis Database, with payout ratios above 100%.
A payout ratio above 100% signifies the corporate will not be producing sufficient underlying earnings to maintain the dividend payout. This leaves a excessive chance of a dividend reduce or elimination in some unspecified time in the future sooner or later.
The listing is sorted by dividend payout ratio, from lowest to highest.
Desk of Contents
You possibly can immediately soar to any particular part of the article through the use of the hyperlinks beneath:
Excessive Danger Dividend Inventory #10: Prospect Capital (PSEC)
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 first quarter earnings on November sixth, 2025. Web funding earnings was 17 cents per share, whereas complete funding earnings plummeted 20% year-over-year to $157.6 million. Whereas weak, these outcomes had been higher than feared.
The corporate continues to deal with rotating property into its core enterprise of first lien senior secured center market loans, whereas decreasing second lien loans. It additionally exited its subordinated notes portfolio, in addition to equity-linked property, together with actual property properties.
Whole originations had been $92 million, off from $271 million within the earlier quarter. Whole repayments had been $235 million, down from $445 million within the earlier quarter. That means web originations of -$143 million for Q1, up from -$175 million within the prior quarter.
Whole investments at honest worth had been $6.51 billion, down from $6.67 billion within the prior quarter. Curiosity-bearing investments yielded 11.8%, off from 12.2% within the prior quarter.
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):
Excessive Danger Dividend Inventory #9: Plains GP Holdings LP (PAGP)
Plains GP Holdings, by way of its subsidiary Plains All American Pipeline (PAA), manages midstream power infrastructure throughout the USA and Canada.
Their operations span two sectors: Crude Oil and Pure Gasoline Liquids (NGLs). They transport these assets via pipelines, gathering programs, and vehicles whereas offering storage, terminaling, throughput, NGL fractionation, isomerization, and pure gasoline processing companies.
Their logistics support producers, refiners, and purchasers within the power sector.
On November fifth, 2025, the corporate introduced outcomes for the third quarter of 2025. Plains GP Holdings reported Q3 non-GAAP EPS of $0.31, which missed the market’s estimates by $0.06. The corporate reported income of $11.58billion for the quarter, down 7.1% year-over-year.
Working money circulation remained strong at $817 million, whereas leverage exited the interval at a conservative 3.3x, close to the low finish of administration’s goal vary.
Trying forward, PAGP is positioned to profit from a extra targeted crude oil portfolio following the deliberate divestiture of the Canadian NGL enterprise, anticipated to shut in early 2026.
Click on right here to obtain our most up-to-date Certain Evaluation report on PAGP (preview of web page 1 of three proven beneath):
Excessive Danger Dividend Inventory #8: Oxford Sq. Capital (OXSQ)
Oxford Sq. Capital Corp. is a BDC (Enterprise Improvement Firm) specializing in financing early- and middle-stage companies via loans and investments in collateralized mortgage obligations.
On the finish of Q3, the full honest worth of Oxford Sq.’s funding portfolio was about $260.5 million throughout its debt, CLO fairness, and fairness/different holdings, allotted about 54.5% to senior secured debt, 43.5% to CLO fairness, and roughly 2% to fairness or different investments. Final yr, the BDC generated roughly $42.7 million in complete funding earnings.
On November sixth, 2025, Oxford Sq. Capital reported its Q3. The corporate generated roughly $10.2 million in complete funding earnings, basically flat in contrast with $10.3 million in Q3 2024, as decrease said curiosity earnings from debt investments offset larger PIK earnings and stronger contributions from securitization autos.
The weighted common yield on debt investments elevated barely to 14.6% from 14.5% a yr earlier. The weighted common yield on CLO fairness investments stood at 9.7%, modestly larger than 9.6% in Q3 2024.
Whole bills had been about $4.7 million, in contrast with $4.2 million within the prior-year interval, primarily reflecting larger curiosity expense tied to the corporate’s excellent unsecured notes.
Web funding earnings (NII) got here in at $5.6 million, or $0.07 per share, versus $6.2 million, or $0.10 per share, in Q3 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):
Excessive Danger Dividend Inventory #7: Gladstone Land Corp. (LAND)
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 completely different choices obtainable to farmers, all of that are achieved on a triple-net foundation.
The belief presents 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 third quarter earnings on November sixth, 2025, and outcomes had been higher than anticipated on each the highest and backside strains.
Funds-from-operations got here to 4 cents, which was significantly better than the breakeven anticipated by analysts. Income was off 21% year-over-year to $17.79 million, however that was nearly $3 million higher than estimated.
The decline in income and earnings was attributable to lease construction adjustments, lack of income from asset gross sales, and ongoing tenant points. Administration famous fastened base money rents had been $5.4 million decrease than the year-ago interval, primarily attributable to lease modifications.
Participation rents had been up $1.9 million, pushed by earlier recognition of 2024 harvest funds and stronger pistachio pricing.
Core working bills fell by about $140k and associated get together charges fell by $110k. Recurring money working bills had been flat.
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):
Excessive Danger Dividend Inventory #6: Telus Corp. (TU)
TELUS Company is likely one of the ‘large three’ Canadian telecommunications firms together with BCE, Inc. (BCE) and Rogers Communications (RCI).
TELUS is concentrated in Western Canada and offers a full vary of communication services and products via two enterprise segments: Wireline and Wi-fi.
In early November, TELUS reported (11/7/25) monetary outcomes for the third quarter of fiscal 2025. The corporate posted respectable buyer progress.
It posted complete cell buyer progress of 82,000, progress of fastened clients by 206,000 and a wholesome churn fee of 0.91% at its postpaid cell enterprise.
Nonetheless, income remained basically flat over the prior yr’s quarter. Earnings-per-share declined -15%, from $0.20 to $0.17, principally attributable to thinner working margins.
Administration now expects progress of income in the direction of the low finish of its steerage for two%-4% and reiterated its steerage for 3%-5% progress of adjusted EBITDA in 2025.
Click on right here to obtain our most up-to-date Certain Evaluation report on TU (preview of web page 1 of three proven beneath):
Excessive Danger Dividend Inventory #5: Robert Half Worldwide (RHI)
Robert Half Worldwide offers staffing and danger consulting companies for firms all over the world.
Its three segments are Short-term and Marketing consultant Staffing, Everlasting Placement Staffing, and Danger Consulting and Inside Audit Companies, with advisor staffing constituting the vast majority of revenues.
Short-term and Marketing consultant Staffing consists of contributions from completely different sub-segments together with Accountemps, which presents accounting assist for firms, Workplace Staff, which offers workplace employees for firms, Robert Half Expertise, which helps firms discover IT professionals, and Robert Half Administration Assets, which helps companies discover senior-level professionals.
Robert Half’s earnings plunged in each 2023 and 2024, and circumstances additional worsened in 2025.
On October twenty second, 2025, Robert Half Worldwide reported its Q3 outcomes. The corporate reported earnings-per-share of $0.43, which represented a pointy decline from the $0.64 throughout the identical interval of 2024.
Income of $1.35 billion declined 7.5% year-over-year. This quarter confirmed ongoing weak spot within the employment market. Administration guided to a sequential rise in revenues in This autumn, which might be the primary quarter of enchancment since 2022.
Nonetheless, the steerage was nonetheless pretty uninspiring even taking that into consideration. Because the job market continues to point out indicators of softness, expectations for a cyclical flip at the moment are being pushed out to 2026.
Click on right here to obtain our most up-to-date Certain Evaluation report on RHI (preview of web page 1 of three proven beneath):
Excessive Danger Dividend Inventory #4: Insperity Inc. (NSP)
Insperity is a number one supplier of human assets and enterprise efficiency options to companies. The corporate’s main goal clients are small and midsize companies.
Numerous human assets capabilities are supplied via Insperity’s merchandise, similar to payroll and employment administration, worker advantages and compensation, authorities compliance, efficiency administration, coaching and improvement companies, and human capital administration.
Insperity has over 90 workplaces throughout the U.S. and generated $6.6 billion income in 2024.
Insperity reported third quarter 2025 outcomes on November third, 2025. The corporate reported income elevated 4% to $1.62 billion attributable to a 3% improve in income per worksite worker (WSEE), and a rise of paid WSEEs. Adjusted EPS crashed to ($0.20) from $0.39 a yr in the past.
The company repurchased 225k shares for $19 million year-to-date.
Management downgraded its 2025 steerage, now anticipating a 1.0% to 1.1% improve in common WSEEs paid, and a 77% lower to 59% lower in adjusted EPS to $0.84 to $1.47, for a midpoint of $1.13.
NSP’s payout ratio is elevated at 175% of forecast earnings. The corporate has by no means reduce its dividend, however this yr it’s not more likely to earn sufficient to cowl it.
Click on right here to obtain our most up-to-date Certain Evaluation report on NSP (preview of web page 1 of three proven beneath):
Excessive Danger Dividend Inventory #3: Supply Rock Royalties Ltd. (SRRRF)
Supply Rock Royalties, is a pure-play oil and gasoline royalty firm targeted on buying high-netback pursuits throughout the Western Canadian Sedimentary Basin.
Working a capital-light, non-operating mannequin, the corporate generates top-line income via Gross Overriding Royalties (GORR), that are contractual slices of manufacturing from third-party working pursuits, and Payment Title mineral pursuits, that are leased to operators for lessor royalties and signing bonuses.
Supply Rock’s portfolio is closely weighted (about 95%) towards mild and heavy oil manufacturing in southeast Saskatchewan and Alberta’s Clearwater play, with property operated by companions like Whitecap Assets and Rubellite Vitality.
Supply Rock was based in 2012 and headquartered in Calgary, Canada.
On December 1st, 2025, Supply Rock reported its Q3 outcomes. Royalty income declined 25% yr over yr to $1.1 million, reflecting a 12% lower in common every day manufacturing and a 14% decline in realized oil costs.
Adjusted EBITDA fell 21% yr over yr to $1.0 million, or $0.02 per share, whereas FFO fell 13% to $0.9 million, or $0.02 per share, as decrease commodity pricing greater than offset reductions in administrative bills.
Web earnings grew yr over yr, with complete complete earnings of $0.3 million, translating to $0.01 per share, supported by decrease depletion and share-based compensation prices.
Click on right here to obtain our most up-to-date Certain Evaluation report on SRRRF (preview of web page 1 of three proven beneath):
Excessive Danger Dividend Inventory #2: Dynex Capital (DX)
Dynex Capital invests in mortgage–backed securities (MBS) on a leveraged foundation in the USA. It invests in company and non–company MBS consisting of residential MBS, business MBS (CMBS), and CMBS curiosity–solely securities.
On October 20, 2025, Dynex Capital reported a complete financial return of 10.3% of starting ebook worth, pushed by a $0.72 per-share improve in ebook worth and $0.51 per share in dividends declared for the quarter.
E-book worth per widespread share rose to $12.67 at September 30, 2025. GAAP efficiency was robust, with complete earnings of $1.20 per widespread share and web earnings of $1.09 per share, supported by larger web curiosity earnings and favorable marks as Treasury yields fell and company mortgage spreads tightened.
The corporate continued to lift and deploy capital, issuing $254 million of widespread fairness web by way of at-the-market packages and utilizing the proceeds to develop its extremely liquid, agency-focused portfolio.
Purchases included roughly $2.4 billion of Company RMBS and $464 million of Company CMBS throughout the quarter, reflecting administration’s choice for clear, readily valued property amid bettering market technicals.
Click on right here to obtain our most up-to-date Certain Evaluation report on DX (preview of web page 1 of three proven beneath):
Excessive Danger Dividend Inventory #1: Orchid Island Capital (ORC)
Orchid Island Capital is a mortgage REIT 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 circulation primarily based on residential loans similar to mortgages, subprime, and home-equity loans.
On October 23, 2025, Orchid Island Capital, Inc. reported estimated web earnings of $0.53 per widespread share for Q3 2025, with ebook 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, preserving per its month-to-month payout technique.
The RMBS portfolio and derivatives portfolio advanced as the corporate remained targeted on company residential mortgage-backed securities paired with hedging methods.
Orchid Island highlighted that the funding backdrop stays engaging with bettering spreads and prepayment danger 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):
Extra Studying
If you’re fascinated about discovering high-quality dividend progress shares and/or different high-yield securities and earnings securities, the next Certain Dividend assets shall be helpful:
Excessive-Yield Particular person Safety Analysis
Different Certain Dividend Assets
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