Updated on April 15th, 2026 by Bob Ciura
High dividend stocks means more income for every dollar invested. All other things equal, the higher the dividend yield, the better.
Income investors often like to find low-priced dividend stocks, as they can buy more shares than they could with higher-priced securities.
In this research report, we analyze 13 stocks trading below $10.00 per share and offering high dividend yields of 5.0% and greater.
Additionally, the free high dividend stocks list spreadsheet below has our full list of individual securities (stocks, REITs, MLPs, etc.) with with 5%+ dividend yields.
Keep reading to see analysis on these 13 high-yielding securities, based in the U.S., trading below $10 per share that we cover in the Sure Analysis Research Database.
The list is sorted by dividend yield, in ascending order.
Table of Contents
- Low-Priced High Dividend Stock #13: Blue Owl Capital (OWL)
- Low-Priced High Dividend Stock #12: Flowers Foods (FLO)
- Low-Priced High Dividend Stock #11: BCP Investment Corporation (BCIC)
- Low-Priced High Dividend Stock #10: Stellus Capital (SCM)
- Low-Priced High Dividend Stock #9: PennantPark Floating Rate Capital (PFLT)
- Low-Priced High Dividend Stock #8: Horizon Technology Finance (HRZN)
- Low-Priced High Dividend Stock #7: Invesco Mortgage Capital (IVR)
- Low-Priced High Dividend Stock #6: CION Investment Corporation (CION)
- Low-Priced High Dividend Stock #5: Orchid Island Capital (ORC)
- Low-Priced High Dividend Stock #4: Prospect Capital (PSEC)
- Low-Priced High Dividend Stock #3: Ellington Credit Co. (EARN)
- Low-Priced High Dividend Stock #2: PennantPark Investment Corporation (PNNT)
- Low-Priced High Dividend Stock #1: Oxford Square Capital (OXSQ)
Low-Priced High Dividend Stock #13: Blue Owl Capital (OWL) – Dividend Yield of 9.8%
Blue Owl Capital is one of the world’s largest alternative asset managers that offers primarily permanent capital solutions to clients.
It is headquartered in New York City and went public in 2021. Its largest business segment is direct lending, but it also offers general partner private equity investment solutions and manages real estate and digital infrastructure investments.
On October 30, 2025, Blue Owl Capital Inc. (OWL) reported third-quarter 2025 results showing fee-related earnings of $0.24 per share and distributable earnings of $0.22 per share while declaring a quarterly dividend of $0.225 per Class A share payable November 24, 2025.
The company reported assets under management of approximately $295 billion as of September 30, 2025, supported by meaningful fundraising across its Credit, Real Assets and GP Strategic Capital platforms.
Management emphasized strong investor demand for private-market financing solutions, pointing to digital infrastructure, net-lease real estate, and middle-market direct lending as key growth areas while noting non-accruals remain minimal and credit quality stable.
Although net investment income per share declined sequentially to $0.37, down from $0.42 in the prior quarter, and net asset value per share slipped to $14.89, management reaffirmed that these fluctuations primarily reflect timing and accounting items rather than operational stress.
The firm highlighted recent fund launches, including a $1 billion digital infrastructure vehicle and a larger net-lease program, as evidence of its scalable platform.
Click here to download our most recent Sure Analysis report on OWL (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #12: Flowers Foods (FLO) – Dividend Yield of 12.1%
Flowers Foods is one of the largest producers of packaged bakery foods in the United States, operating 46 bakeries in 18 states.
Well-known brands include Wonder Bread, Home Pride, Nature’s Own, Dave’s Killer Bread, Tastykake and Canyon Bakehouse. The company operates in two segments: Direct Store-Delivery (DSD) and Warehouse Delivery, with ~85% of the company’s product being delivered directly to stores.
Fresh breads, buns, rolls, and tortillas make up about a three-fourths of the business, with sales channels split between Supermarkets, Mass Merchandisers, Foodservice, and Convenience Store.
On February 12th, 2026, Flowers Foods announced fourth quarter and full year results for the period ending January 3rd, 2026. For the quarter, revenue grew 10.8% to $1.23 billion and was in-line with expectations.
Adjusted earnings-per-share of $0.22 compared matched last year’s result and $0.07 above estimates. For the year, revenue increased 3% to $5.26 billion while adjusted earnings-per-share of $1.09 compared to $1.28 in 2024.
For the quarter, Branded Retail sales increased 16.6% to $811.6 million as contributions from the addition of Simple Mills, an extra week during the period, and a 2.3% improvement in pricing/mix was partially offset by a 1.7% decline in volume.
Other sales grew 1.6% to $421.3 million as a 2.5% decrease in pricing/mix and a 2.7% decline in volume was offset by an extra week.
Materials, supplies, labor, and other production costs accounted for 51.1% of sales during the quarter, which was a 30 basis point increase from the prior year.
Flowers Foods provided an outlook for 2026 as well. Adjusted earnings-per-share are expected to be in a range of $0.80 to $0.90 for the year.
Click here to download our most recent Sure Analysis report on FLO (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #11: BCP Investment Corporation (BCIC) – Dividend Yield of 13.8%
BCP Investment Corporation is an externally managed business development company focused on generating current income, and secondarily capital appreciation, by lending to and investing in middle-market companies.
It mainly invests in first- and second-lien secured loans, mezzanine debt, and selected equity-linked instruments, and also has smaller exposures to joint ventures and CLO fund securities.
BCP targets privately held businesses with EBITDA of about $10 million to $50 million. BCP is managed by Sierra Crest Investment Management, an affiliate of BC Partners.
As of 2025 end, its investment portfolio totaled about $501.0 million at fair value across 108 entities and 41 industries.
On March 5th, 2025, BCP Investment Corporation posted its full-year results for the period ending December 31st, 2025. BCP Investment reported net investment income of $25.1 million, or $2.28 per share, up from $24.0 million, or $2.59 per share, in 2024.
Total investment income edged down to $61.2 million from $62.4 million, while net expenses improved to $36.0 million from $38.4 million, helped by lower incentive fees and a partial fee waiver.
Total net assets increased to $209.2 million from $178.5 million, largely reflecting capital activity tied to the Logan Ridge acquisition, although NAV per share declined to $16.68 from $19.41.
For 2026, we expect NII of $2.50.
Click here to download our most recent Sure Analysis report on BCIC (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #10: Stellus Capital (SCM) – Dividend Yield of 14.1%
Stellus Capital Management provides capital solutions to companies with $5 million to $50 million of EBITDA and does so with a variety of instruments, the majority of which are debt.
Stellus provides first lien, second lien, mezzanine, convertible debt, and equity investments to a diverse group of customers, generally at high yields, in the US and Canada.
Stellus posted fourth quarter and full-year earnings on March 12th, 2026. The company posted net investment income of 29 cents per share for the quarter, while investment income was $25.2 million. That was off slightly from $25.6 million in the year-ago period.
The portfolio ended the quarter at $1.01 billion across 115 companies, with $34 million invested in four new portfolio companies, $18 million in other investments, $38 million in repayments, a $7 million gain in equity realizations, and a $5.5 million realized gain.
At the end of the quarter, 99% of loans were secured and 92% were floating rate. The average loan per company was $8.8 million, with its largest position at $19.2 million.
Asset quality was okay, with 81% of the portfolio rated 1 or 2, with 5 portfolio companies on nonaccrual. That was 7.5% of total cost and 4.1% of fair value, both of which were slightly worse than the prior quarter.
Stellus cut the dividend to $1.36 per share annually from $1.60.
Click here to download our most recent Sure Analysis report on SCM (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #9: PennantPark Floating Rate Capital (PFLT) – Dividend Yield of 14.2%
PennantPark Floating Rate Capital Ltd. is a business development company that seeks to make secondary direct, debt, equity, and loan investments.
The fund also aims to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies, equity securities, preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.
On February 10, 2026, PennantPark Floating Rate Capital Ltd. reported fiscal first-quarter 2026 results for the period ended December 31, 2025.
Core net investment income of $0.27 per share, equal to GAAP NII, indicated steady earnings and supported the BDC’s monthly dividend strategy, although it also suggested limited upside versus the current payout.
The company maintained robust deployment activity, investing $301 million at a weighted average yield of 10% across both new and existing portfolio companies, which is a positive for income generation but can elevate risk if credit conditions weaken.
The portfolio remained well diversified with 160 companies across 50 industries and a weighted average yield on debt investments of 9.9%, pointing to stable credit conditions and attractive opportunities, though the breadth of exposure also requires vigilant credit monitoring.
Leverage of 1.57 times at quarter-end was on the higher side, but post-quarter asset sales of $27 million to PSSL I and $133 million to PSSL II brought leverage down to 1.5 times, comfortably within the 1.4 to 1.6 times target range and
supporting sustainable dividend coverage.
Click here to download our most recent Sure Analysis report on PFLT (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #8: Horizon Technology Finance Corp. (HRZN) – Dividend Yield of 15.2%
Horizon Technology Finance Corp. is a BDC that provides venture capital to small and medium–sized companies in the technology, life sciences, and healthcare–IT sectors.
The company has generated attractive risk–adjusted returns through directly originated senior secured loans and additional capital appreciation through warrants.
On March 3rd, 2026, Horizon announced its Q4 and full-year 2025 results. For the quarter, total investment income declined 12.2% year-over-year to $20.7 million, primarily due to lower interest income on debt investments from a smaller debt investment portfolio.
The company’s dollar-weighted annualized yield on average debt investments in Q4 2025 and Q4 2024 was 14.3% and 14.9%, respectively.
Net investment income per share (NII) fell year-over-year to $0.18 from $0.27. Net asset value (NAV) per share stood at $6.98, down from $8.43 in the prior year.
Horizon’s undistributed spillover income was $0.65 per share at year-end, still providing some income support for future distributions.
Click here to download our most recent Sure Analysis report on HRZN (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #7: Invesco Mortgage Capital (IVR) – Dividend Yield of 17.2%
Invesco Mortgage Capital is a Maryland real estate investment trust focused on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets.
Its investment portfolio is centered on Agency RMBS and Agency CMBS, with historical investments also such as non-Agency RMBS, non-Agency CMBS, TBAs, unconsolidated real estate-related ventures, and U.S. Treasury securities.
The company conducts its business through IAS Operating Partnership L.P. and is externally managed by Invesco Advisers, Inc., an indirect subsidiary of Invesco Ltd.
The company has no employees of its own and relies on its external manager for investment, risk management, and operational support. Last year, it recorded $295.3 in dividend and interest income.
On January 29th, 2026, Invesco Mortgage Capital posted its annual results for the period ending December 31st, 2025. For the year, net income was $101.3 million or $1.32 per diluted share, up from $34.8 million, or $0.65 per diluted share, in 2024.
Net interest income increased to $75.4 million from $36.8 million, as interest income rose to $295.3 million from $286.5 million and interest expense fell to $219.9 million from $249.7 million.
Total other income was $44.4 million, driven by a $149.3 million gain on investments, partly offset by a $104.9 million loss on derivative instruments, while total expenses declined slightly to $18.6 million.
Total assets increased to $6.48 billion from $5.69 billion, and total stockholders’ equity rose to $797.5 million from $730.7 million.
For 2026, we expect EPS of $2.32.
Click here to download our most recent Sure Analysis report on IVR (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #6: CION Investment Corporation (CION) – Dividend Yield of 19.7%
CION Investment Corporation is an externally managed U.S. business development company focused on originating and holding senior secured loans to U.S. middle-market companies, with an emphasis on capital preservation and current income.
As of September 30th, 2025, CION had investments in 91 portfolio companies as of Q3 2025, with a diversified credit portfolio concentrated at the top of the capital structure.
By industry exposure, the largest allocations were to Business Services (16.6%), Retail (10.3%), Healthcare & Pharmaceuticals (10.1%), Oil & Gas (8.1%), and Diversified & Production (7.2%), with the remaining 47.7% spread across industries each representing less than 6.4% of the portfolio.
The investment mix remains conservative, with 80.0% in senior secured first-lien debt. CION generated $252.4 million in total investment income last year.
On November 6th, 2025, CION Investment Corporation posted its Q3 results. Total investment income increased 51% quarter over quarter to $78.7 million, driven by higher interest income from investment restructurings and elevated origination and amendment fee activity.
Net investment income rose sharply to $0.74 per share, representing a 131% increase from $0.32 per share in the prior quarter, reflecting stronger portfolio earnings and fee generation.
Net asset value increased 2.5% quarter over quarter to $14.86 per share, up from $14.50, as the company out-earned its distribution by $0.38 per share despite modest realized and unrealized losses. For FY 2025, we expect NII/share of $1.76.
The company also announced a transition to monthly base distributions beginning in 2026.
Click here to download our most recent Sure Analysis report on CION (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #5: Orchid Island Capital (ORC) – Dividend Yield of 19.8%
Orchid Island Capital, Inc. is an mREIT that is externally managed by Bimini Advisors LLC and focuses on investing in residential mortgage-backed securities (RMBS), including pass-through and structured agency RMBSs.
These financial instruments generate cash flow based on residential loans such as mortgages, subprime, and home-equity loans.
On January 30, 2026, Orchid Island Capital, Inc. reported fourth quarter 2025 results with net income of $103.4 million, or $0.62 per common share, compared to $0.53 per share in Q3 2025.
The company delivered solid earnings and book value growth, with full-year 2025 net income of $159.3 million, or $1.24 per share, and book value per share rising to $7.54 from $7.33 quarter over quarter, reflecting favorable mark-to-market gains in its agency MBS portfolio and improved market conditions.
Quarterly performance was supported by $38.5 million of net interest income, driven by $132.2 million of interest income offset by $93.7 million of interest expense, as well as $53.7 million in unrealized gains and $14 million of gains on derivatives, highlighting effective positioning and hedging in a volatile rate environment.
Click here to download our most recent Sure Analysis report on Orchid Island Capital, Inc. (ORC) (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #4: Prospect Capital (PSEC) – Dividend Yield of 19.9%
Prospect Capital Corporation is a Business Development Company, or BDC, that provides private debt and private equity to middle–market companies in the U.S.
The company focuses on direct lending to owner–operated companies, as well as sponsor–backed transactions. Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional equity investments.
Prospect posted second quarter earnings on February 9th, 2026, and results were somewhat weak. Net investment income was 19 cents per share.
Total investment income, which is PSEC’s version of revenue, was $176 million. That was off from $185.5 million in the year-ago period.
Total investment income was $149 million, down from $168.8 million a year earlier. That was better than the $140.5 million that was expected.
Net investment income was 19 cents, up from 17 cents in Q1 but down from 20 cents in the year-ago period. Total payment-in-kind interest income was $15.1 million, down from $20.2 million in the year-ago period.
Total originations were $80 million, down from $92 million in the previous quarter. Total repayments and sales were $79 million, down sharply from $235 million a year ago.
Altogether, net originations were $1.2 million versus -$143 million in the previous quarter.
For 2026, we see 47 cents in NII-per-share for this year after first half earnings.
Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #3: Ellington Credit Co. (EARN) – Dividend Yield of 20.8%
Ellington Credit Co. acquires, invests in, and manages residential mortgage and real estate related assets. Ellington focuses primarily on residential mortgage-backed securities, specifically those backed by a U.S. Government agency or U.S. government–sponsored enterprise.
Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.
On March 4th, 2026, Ellington Credit reported its third fiscal quarter results for the period ending December 31, 2025. The company suffered a net loss of $(21.1) million, or $(0.56) per share.
Ellington achieved adjusted net investment income of $7.8 million in the quarter, or $0.21 per share. At quarter end, Ellington had $24.3 million in cash and cash equivalents.
Click here to download our most recent Sure Analysis report on EARN (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #2: PennantPark Investment Corporation (PNNT) – Dividend Yield of 20.9%
PennantPark Investment Corporation is a business development company focused on providing private credit to U.S. core middle-market companies, typically with $10–$50 million of EBITDA, through primarily first-lien, senior secured loans.
As of September 30th, 2025, PNNT had a $1.3 billion investment portfolio across 166 companies, with a weighted average credit spread of 5.66%, median loan-to-value of 39%, median net leverage of 4.5x, and 2.0x interest coverage, reflecting a conservatively structured book.
The portfolio is heavily skewed to senior secured credit, with roughly about half in first-lien debt and the remainder across subordinated debt, equity co-investments, and joint venture exposures, and only 0.1% of the portfolio at fair value on non-accrual. PNNT pays dividends on a monthly basis.
On November 24th, 2025, PennantPark Investment reported its fiscal Q4 results for the fiscal year ended September 30th, 2025. For the quarter, total investment income declined year over year to $28.0 million, reflecting a smaller portfolio and a lower weighted average yield on debt investments.
Net investment income was $9.8 million, or $0.15 per share, compared with $14.4 million, or $0.22 per share, in the prior year period, representing a 32% year-over-year decline in per-share earnings.
PennantPark reported a net decrease in net assets from operations of $1.0 million, or $(0.01) per share, compared with a net increase of $18.4 million, or $0.28 per share, in the prior year period, due to realized losses on investments.
Net asset value declined 6% year over year to $7.11 per share from $7.56, reflecting distributions and net realized losses, partially offset by unrealized appreciation.
Click here to download our most recent Sure Analysis report on PNNT (preview of page 1 of 3 shown below):
Low-Priced High Dividend Stock #1: Oxford Square Capital (OXSQ) – Dividend Yield of 22.1%
Oxford Square Capital Corp. is a BDC (Business Development Company) specializing in financing early- and middle-stage businesses through loans and investments in collateralized loan obligations.
At the end of 2025, the total fair value of Oxford Square’s investment portfolio was about $251.7 million across its debt, CLO equity, and equity/other holdings, allocated about 58.5% to senior secured debt, 37.8% to CLO equity, and roughly 3.7% to equity or other investments.
On March 3rd, 2026, Oxford Square Capital reported its Q4 and full-year results for the period ending December 31st, 2025.
The company generated about $10.4 million in total investment income, a slight increase compared with $10.2 million in Q4 2024, as higher income from securitization vehicles and other sources helped offset a decline in stated interest income from debt investments.
The weighted average yield on debt investments decreased to 14.5% from 15.8% a year earlier. The weighted average effective yield on CLO equity investments stood at 8.6%, modestly lower than the 8.8% recorded in Q4 2024.
Total expenses rose to $5.0 million, compared with $4.2 million in the prior-year period, primarily reflecting higher interest expenses following the issuance of the company’s new 7.75% unsecured notes due 2030.
Net investment income (NII) came in at approximately $5.4 million, or $0.07 per share, versus $6.0 million, or $0.09 per share, in Q4 2024. NAV per share fell to $1.69 at year-end, a significant decline from $2.30 a year earlier..
Click here to download our most recent Sure Analysis report on OXSQ (preview of page 1 of 3 shown below):
Final Thoughts
When a stock offers an exceptionally high dividend yield, it usually signals that its dividend is at the risk of being cut. This certainly applies to most of the above stocks.
Nevertheless, some of the above stocks could be appealing to income investors even after a potential dividend cut, as many would still have high yields.
If you are interested in finding high-quality dividend growth stocks and/or other high-yield securities and income securities, the following Sure Dividend resources will be useful:
High-Yield Individual Security Research
- 20 Highest Yielding Monthly Dividend Stocks
- 10 Super High Dividend REITs
- Highest Yielding Royalty Trusts
Other Sure Dividend Resources
- Dividend Kings: 50+ years of rising dividends
- Dividend Champions: 25+ years of rising dividends
- Dividend Aristocrats: 25+ years of rising dividends and in the S&P 500
- Monthly Dividend Stocks: Individual securities that pay out every month
- MLPs: List of MLPs and more
- REITs: List of REITs and more
- BDCs: List of BDCs and more













