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20 Undervalued High-Dividend Stocks With P/E Ratios As Low As 4.3


Updated on December 12th, 2025 by Bob Ciura

Stocks with low P/E ratios can offer attractive returns if their valuation multiples expand.

And when a low P/E stock also has a high dividend yield, investors get ‘paid to wait’ for the valuation multiple to increase.

We define a high-yield stock as one with a current dividend yield of 5% or higher.

The free high dividend stocks list spreadsheet below has our full list of individual securities (stocks, REITs, MLPs, etc.) with with 5%+ dividend yields.

You can download a free copy by clicking on the link below:

 

Click here to instantly download your free high dividend stocks spreadsheet now, along with important investing metrics.

In this research report, we discuss the prospects of 20 undervalued high dividend stocks, which are currently trading at P/E ratios under 10 and are offering dividend yields above 5.0%.

International stocks were excluded from this report.

We have ranked the stocks by P/E ratio, from lowest to highest. For REITs, we use P/FFO in place of the P/E ratio. And for MLPs, we use P/DCF (which is distributable cash flows).

These are comparable metrics similar to earnings for common stocks.

These 20 dividend stocks have not been screened for dividend safety. Instead, these are the 20 most undervalued stocks in the Sure Analysis Research Database with high dividend yields.

Table of Contents

Keep reading to see analysis on these 20 undervalued high dividend stocks.

Undervalued High Dividend Stock #1: Shutterstock, Inc. (SSTK) – P/E ratio of 4.3

Shutterstock sells high-quality creative content for brands, digital media and marketing companies through its global creative platform.

Its platform hosts the most extensive and diverse collection of high-quality 3D models, videos, music, photographs, vectors and illustrations for licensing. The company reported $935 million in revenues last year.

On January 7th, 2025, Shutterstock announced it entered a merger agreement with Getty Images through a merger of equals. The combined company will retain the name Getty Images Holdings, Inc and trade on the NYSE under ticker GETY.

Getty Images shareholders will own roughly 54.6% of the entity and Shutterstock shareholders will own the remaining 45.3%. Shareholders of SSTK will receive $28.84870 of cash, or 9.17 shares of Getty Images plus $9.50 in cash per share.

The combined company would have revenue between $1,979 million and $1,993 million, 46% of it being subscription revenue. About $175 million of annual cost savings is forecast by the third year, with most of this expected after 1 to 2 years.

On November 5th, 2025, Shutterstock published its third quarter results for the period ending November 5th, 2025. Quarterly revenue grew by a solid 4% year-on-year, and beat analyst estimates by $4.5 million.

Adjusted EPS of $0.99 decreased by 24%, missing analyst estimates by $0.16. Due to the pending merger with Getty Images, Shutterstock is not providing guidance for 2025.

Click here to download our most recent Sure Analysis report on SSTK (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #2: Alexandria Real Estate Equities (ARE) – P/E ratio of 5.2

Alexandria Real Estate Equities owns and operates life science, technology and ag-tech campuses across North America.

Key locations for this Real Estate Investment Trust (REIT) include Boston, San Francisco, New York, San Diego, Seattle, Maryland, and the Research Triangle (North Carolina).

On October 27th, 2025, Alexandria reported third quarter 2025 results for the period ending September 30th, 2025. For the quarter, the company generated $752 million in revenue, a 5% decrease compared to Q3 2024.

Adjusted funds from operations (FFO) totaled $378 million or $2.22 per share compared to $408 million or $2.37 per share in Q3 2024.

Alexandria ended the quarter with $4.2 billion in liquidity. And more than fifty percent of the company’s tenants are investment-grade or publicly traded large cap businesses.

Alexandria downgraded its 2025 guidance, now expecting $8.98 to $9.04 (from $9.16 to $9.36 previously) in adjusted FFO.

Click here to download our most recent Sure Analysis report on ARE (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #3: NewtekOne Inc. (NEWT) – P/E ratio of 5.2

NewtekOne, previously a business development company focused on financial services and SBA lending for small- and medium-sized businesses, became a financial holding company in January 2023 after acquiring the National Bank of New York City.

Today, it primarily operates as a bank holding company, providing traditional banking services such as deposits and lending, alongside business solutions such as payment processing, payroll management, technology, and insurance services.

NewtekOne’s financial reporting now consolidates results from its banking operations and various subsidiaries, reflecting a fully integrated financial services platform. The company generated $81.1 million in net interest income last year.

On October 29th, 2025, Newtek posted its Q3 results. Net income was $17.9 million, or diluted earnings per share of $0.67, representing a 49% increase from the prior year. Net interest income came in at $14.5 million, up 32.5% from Q3 2024.

Total revenue reached $74.9 million, marking a 19.3% rise year-over-year. Total assets stood at $2.40 billion, up from $2.06 billion at year-end 2024, while book value per common share grew 16.4% year-over-year to $11.72.

The company’s Alternative Loan Program loan originations totaled $104 million for the quarter, compared to $66 million in the same period last year. Return on tangible common equity (ROTCE) and return on average assets (ROAA) were 23.7% and 3.06%, respectively.

Click here to download our most recent Sure Analysis report on NEWT (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #4: Ellington Credit Co. (EARN) – P/E ratio of 5.4

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 November 19th, 2025, Ellington Credit reported its second fiscal quarter results for the period ending September 30, 2025. The company generated net income of $4.3 million, or $0.11 per share.

Ellington achieved adjusted net investment income of $8.5 million in the quarter, or $0.23 per share. At quarter end, Ellington had $20.1 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):

Undervalued High Dividend Stock #5: ARMOUR Residential REIT (ARR) – P/E ratio of 5.5

ARMOUR Residential invests in residential mortgage-backed securities that include U.S. Government-sponsored entities (GSE) such as Fannie Mae and Freddie Mac.

It also includes Ginnie Mae, the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans.

Unsecured notes and bonds issued by the GSE and the US Treasury, money market instruments, and non-GSE or government agency-backed securities are examples of other types of investments.

On October 23, 2025, ARMOUR Residential REIT reported GAAP net income available to common stockholders of $156.3 million, or $1.49 per share, on net interest income of $38.5 million, while distributable earnings were $75.3 million, or $0.72 per share.

Total economic return was 7.75% and quarter-end book value rose to $17.49 per share. The company paid monthly common dividends of $0.24 per share (totaling $0.72 for the quarter) and declared an additional $0.24 payable in November.

Click here to download our most recent Sure Analysis report on ARMOUR Residential REIT Inc (ARR) (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #6: Oxford Square Capital (OSXQ) – P/E ratio of 5.8

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 Q3, the total fair value of Oxford Square’s investment portfolio was about $260.5 million across its debt, CLO equity, and equity/other holdings, allocated about 54.5% to senior secured debt, 43.5% to CLO equity, and roughly 2% to equity or other investments. Last year, the BDC generated roughly $42.7 million in total investment income.

On November 6th, 2025, Oxford Square Capital reported its Q3. The company generated approximately $10.2 million in total investment income, essentially flat compared with $10.3 million in Q3 2024, as lower stated interest income from debt investments offset higher PIK income and stronger contributions from securitization vehicles.

The weighted average yield on debt investments increased slightly to 14.6% from 14.5% a year earlier. The weighted average yield on CLO equity investments stood at 9.7%, modestly higher than 9.6% in Q3 2024.

Total expenses were about $4.7 million, compared with $4.2 million in the prior-year period, primarily reflecting higher interest expense tied to the company’s outstanding unsecured notes.

Net investment income (NII) came in at $5.6 million, or $0.07 per share, versus $6.2 million, or $0.10 per share, in Q3 2024.

Click here to download our most recent Sure Analysis report on OXSQ (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #7: Sunoco LP (SUN) – P/E ratio of 5.9

Sunoco is a master limited partnership that distributes a range of fuel products (wholesale and retail) and that is active in some adjacent industries such as pipelines.

The wholesale unit purchases fuel products from refiners and sells those products to both its own and independently owned dealers.

Sunoco reported its third quarter earnings results in November. The company reported that its revenues totaled $6.03 billion during the quarter, which was 5% more than the revenues that Sunoco generated during the previous year’s quarter. This was a better year-over-year performance compared to the previous quarter.

Fuel prices movements can result in meaningful ups and downs in Sunoco’s revenues and its revenue growth rate on a quarterly basis, although there is not necessarily a big impact on profits, as Sunoco’s expenses move as well when fuel prices move.

Sunoco reported that its adjusted EBITDA was up 7% year over year, improving to $489 million during the quarter. Distributable cash flows totaled $326 million during the quarter, which was lower compared to the previous year’s quarter, and which equated to DCF of $2.38 per share, which covered the dividend easily.

Sunoco has closed the Parkland acquisition during the most recent quarter, which could result in improved growth going forward..

Click here to download our most recent Sure Analysis report on SUN (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #8: Prospect Capital (PSEC) – P/E ratio of 5.9

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 first quarter earnings on November 6th, 2025. Net investment income was 17 cents per share, while total investment income plummeted 20% year-over-year to $157.6 million. While weak, these results were better than feared.

The company continues to focus on rotating assets into its core business of first lien senior secured middle market loans, while reducing second lien loans. It also exited its subordinated notes portfolio, as well as equity-linked assets, including real estate properties.

Total originations were $92 million, off from $271 million in the previous quarter. Total repayments were $235 million, down from $445 million in the previous quarter. That implies net originations of -$143 million for Q1, up from -$175 million in the prior quarter.

Total investments at fair value were $6.51 billion, down from $6.67 billion in the prior quarter. Interest-bearing investments yielded 11.8%, off from 12.2% in the prior quarter.

Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #9: Horizon Technology Finance (HRZN) – P/E ratio of 5.9

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 October 28th, 2025, Horizon announced its Q3 results. For the quarter, total investment income rose 6.9% year-over-year to $26.3 million, driven primarily by higher fee and interest income on investments from the debt portfolio.

The company’s dollar-weighted annualized yield on average debt investments in Q3 of 2025 and Q3 of 2024 was 18.6% and 15.9%, respectively.

Net investment income per share (IIS) remained flat year-over-year at $0.32. Net asset value (NAV) per share improved to $7.12, up from $6.75 in the prior quarter, but this was down from $9.12 in the prior year.

Horizon’s undistributed spillover income stood at $0.93 per share at quarter-end, maintaining a strong income cushion to support future dividends.

Click here to download our most recent Sure Analysis report on HRZN (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #10: Energy Transfer LP (ET) – P/E ratio of 6.1

Energy Transfer LP owns and operates one of the largest and most diversified portfolios of energy assets in the United States.

Operations include natural gas transportation and storage along with crude oil, natural gas liquids and refined product transportation and storage totaling over 130,000 miles of pipelines.

Energy Transfer also owns the Lake Charles LNG Company and stakes in Sunoco LP (SUN) and USA Compression Partners (USAC).

In early November, Energy Transfer reported (11/5/25) financial results for the third quarter of fiscal 2025. The MLP continued to grow its volumes in all the segments.

However, adjusted EBITDA and distributable cash flow dipped -3% and -5%, respectively, over the prior year’s quarter due to one-time charges.

Energy Transfer raised the quarterly distribution by 0.8%, on top of the distribution hikes in each of the 15 previous quarters.

Click here to download our most recent Sure Analysis report on ET (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #11: Virtus Investment Partners (VRTS) – P/E ratio of 6.6

Virtus Investment Partners, Inc. is a distinctive partnership of boutique investment managers. The firm offers a diverse range of investment strategies across asset classes, including equity, fixed income, multi-asset, as well as alternative investments.

These strategies are available in multiple product forms, such as open-end mutual funds, closed-end funds, ETFs, retail separate accounts, and institutional accounts.

Virtus operates through a multi-manager model, partnering with affiliated managers and select unaffiliated sub-advisers, each maintaining distinct investment philosophies and processes.

This structure allows Virtus to offer clients access to specialized expertise and a broad array of solutions tailored to meet various financial objectives.

On October 24th, 2025, Virtus posted its Q3 results for the period ending September 30th, 2025. Total AUM declined 8% year-over-year to $169.3 billion as market performance and ETF inflows were offset by outflows in institutional and retail separate accounts.

Net outflows were ($3.9) billion compared to ($1.7) billion last year, due to further weakness in large-cap growth and small/mid-cap strategies. Adjusted EPS declined 3% year-over-year to $6.69.

Click here to download our most recent Sure Analysis report on VRTS (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #12: Plains All American Pipeline LP (PAA) – P/E ratio of 6.6

Plains All American Pipeline, L.P. is a midstream energy infrastructure provider. The company owns an extensive network of pipeline transportation, terminaling, storage, and gathering assets in key crude oil and natural gas liquids producing basins at major market hubs in the United States and Canada.

On average, it handles more than 7 million barrels per day of crude oil and NGL through 18,370 miles of active pipelines and gathering systems. Plains All American generates around $40 billion in annual revenues and is based in Houston, Texas.

On November 5th, 2025, Plains All American posted its Q3. Revenues for the quarter totaled $11.6 billion, down roughly 7% compared to the prior year period.

Adjusted EBITDA from crude oil rose 3% year-over-year, supported by contributions from recently completed bolt-on acquisitions, higher pipeline volumes and tariff escalations.

These benefits were partially offset by Permian long-haul contract rate resets and lower commodity prices. Adjusted EBITDA from NGL decreased 4% year-over-year, primarily reflecting lower sales volumes.

Click here to download our most recent Sure Analysis report on PAA (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #13: AGNC Investment Corporation (AGNC) – P/E ratio of 6.8

American Capital Agency Corp is a mortgage real estate investment trust that invests primarily in agency mortgage–backed securities (or MBS) on a leveraged basis.

The firm’s asset portfolio is comprised of residential mortgage pass–through securities, collateralized mortgage obligations (or CMO), and non–agency MBS. Many of these are guaranteed by government–sponsored enterprises.

On October 21, 2025, AGNC Investment Corp. reported comprehensive income of $0.78 per common share, producing an economic return on tangible common equity of 10.6%, which included $0.36 in dividends and a $0.47 per-share increase in tangible book value.

Net spread and dollar roll income was $0.35 per share, down slightly due to lower swap income following the maturity of $4 billion in legacy swaps and temporary timing effects from new capital deployment.

Tangible net book value per share rose to $9.84, and liquidity remained strong at $7.2 billion, representing 66% of tangible equity.

Click here to download our most recent Sure Analysis report on AGNC Investment Corp (AGNC) (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #14: DENTSPLY Sirona (XRAY) – P/E ratio of 7.2

Dentsply Sirona Inc. is a medical device company that manufacturers products and technologies for use in dentistry and is the world’s largest dental equipment supplier.

The company’s product portfolio consists of solutions for dental and oral health care. Dentsply Sirona has four reportable business segments.

This includes Connected Technology Solutions, which develops and produces dental technology and equipment, Essential Dental Solutions, which provides endodontic, restorative, and preventive consumable products along with small equipment for use in dental offices, Orthodontic and Impact Solutions, which creates dental implant products, dentures, and aligners, and Wellspect Healthcare, which designs and markets continence care solutions for both urinary and bowel management.

On November 6th, 2025, Dentsply Sirona announced second quarter results for the period ending June 30th, 2025. For the quarter, revenue declined 4.9% to $904 million, but this was $6.3 million above estimates. Adjusted earnings-per-share was $0.37 per share compared unfavorably to $0.50 in the prior year and was $0.08 less than expected.

In constant currency, sales were lower by 8% for the quarter. Orthodontic and Implant Solutions was down 17.1%, Connected Technology Solutions fell 7.0%, and Essential Dental Solutions was lower by 6.2%.

Wellspect Healthcare, the lone segment to post growth, grew 9.3%. By geographic regions, the U.S. was down 22.2%, Europe grew 2.6%, and Rest of the World decreased 0.9%. The company’s gross profit margin contracted 330 basis points to 48.8%.

Dentsply Sirona provided updated guidance for 2025 as well. The company now expects sales to fall in a range of -2.5% to -5.0% compared to -2.0% to -4.0% previously. Adjusted earnings-per-share is now projected to be ~$1.60, down from a prior range of $1.80 to $2.00.

Click here to download our most recent Sure Analysis report on XRAY (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #15: Community Healthcare Trust (CHCT) – P/E ratio of 7.4

Community Healthcare Trust is a REIT which owns income-producing real estate properties linked to the healthcare sector, such as physician offices, specialty centers, behavioral facilities, inpatient rehabilitation facilities, and medical office buildings, in the trust’s target sub-markets within the United States.

The trust has investments in 200 properties in 36 states, totaling 4.6 million square feet.

On October 28th, 2025, Community Healthcare Trust reported third quarter results. Funds from operations (FFO) per share rose 4% to $0.50 from $0.48 in the prior year quarter. Adjusted FFO per share also increased 2% to $0.56.

During the quarter, Community Healthcare disposed of one property in Pennsylvania, earning net proceeds of $0.7 million.

The trust also has six properties under definitive purchase agreements, with a combined purchase price of roughly $146 million, expected to close from 2025 through 2027.

During the quarter, CHCT acquired one inpatient rehabilitation facility in Florida for $26.5 million. It was 100% leased to a tenant through 2040.

The board of directors passed a 0.5% increase to the quarterly dividend to $0.4750 per share, or an annualized rate of $1.90 per share. CHCT has increased its dividend every quarter since its IPO.

Click here to download our most recent Sure Analysis report on CHCT (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #16: Sonoco Products (SON) – P/E ratio of 7.4

Sonoco Products provides packaging, industrial products and supply chain services to its customers. The markets that use the company’s products include those in the appliances, electronics, beverage, construction and food industries.

The company generates more than $5 billion in annual sales. Sonoco Products is now composed of 2 major segments, Consumer Packaging, and Industrial Packaging, with all other businesses listed as “All Other”.

On October 22nd, 2025, Sonoco Products reported third quarter results for the period ending September 28th, 2025. For the quarter, revenue grew 57.8% to $2.13 billion, but this was $20 million below expectations. Adjusted earnings-per-share of $1.92 compared to $1.49 in the prior year, but this was $0.01 below estimates.

Revenues and earnings once again benefited from the addition of Eviosys. For the quarter, Consumer Packaging revenues were up 117% to $1.44 billion, mostly due to contributions from Eviosys. Results were also aided by price increases that were implemented to offset tariffs and favorable currency exchange rates.

Industrial Paper Packing sales were unchanged at $585 million as price increases were offset by weaker volume following two plant divestitures in China last year. All Other grew 1% to $108 million as volume gains in temperature-assured packaging was only partially offset by lower volume in industrial plastics.

Sonoco Products provided an updated outlook for 2025 as well, with the company now expecting adjusted earnings-per-share in a range of $5.65 to $5.75 for the year, down from ~$6.00 previously.

Click here to download our most recent Sure Analysis report on SON (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #17: Apple Hospitality REIT (APLE) – P/E ratio of 7.6

Apple Hospitality REIT is a $2.8 billion hotel REIT that owns a portfolio of hotels with tens of thousands of rooms located in scores of markets and across dozens of states. It franchises its properties out to leading brands, including Marriott-branded hotels, Hilton-branded hotels, and Hyatt-branded hotels.

As of its latest filings, Apple Hospitality owned 220 hotels with a total of 29,687 guest rooms across 37  states and the District of Columbia.

On November 3rd, 2025, Apple Hospitality REIT posted its Q3 results for the period ending September 30th, 2025. The company reported total revenue of $373.9 million, a 1.3% decrease compared to the prior year.

Portfolio performance remained steady but modestly softer year-over-year, as Average Daily Rate (ADR) held nearly flat while occupancy declined slightly.

Comparable Hotels ADR decreased 0.6% to $162.68, and occupancy declined 1.2% to 76.2%, resulting in a 1.8% year-over-year decrease in Revenue per Available Room (RevPAR) to $124.01.

Despite softer top-line performance, profitability and cash flow generation remained strong, though margin pressure persisted. Comparable Hotels Adjusted Hotel EBITDA fell 6.7% year-over-year to $128.6 million, with margins narrowing by 200 basis points to 35.2%.

Click here to download our most recent Sure Analysis report on APLE (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #18: Delek Logistics Partners LP (DKL) – P/E ratio of 7.6

Delek Logistics Partners, LP is a publicly traded master limited partnership (MLP) headquartered in Brentwood, Tennessee. Established in 2012 by Delek US Holdings, Inc. (NYSE: DK), Delek Logistics owns and operates a network of midstream energy infrastructure assets.

These assets include approximately 850 miles of crude oil and refined product transportation pipelines and a 700-mile crude oil gathering system, primarily located in the southeastern United States and west Texas.

The company’s operations are integral to Delek US’s refining activities, particularly supporting refineries in Tyler, Texas, and El Dorado, Arkansas.

Delek Logistics provides services such as gathering, transporting, and storing crude oil, as well as marketing, distributing, and storing refined products for both Delek US and third-party customers.

On August 6, 2025, Delek Logistics Partners reported its second-quarter results for the period ended June 30, 2025. The company posted diluted earnings per share of $0.83, missing the expected $0.87.

Revenue came in at $246.35 million, falling short of forecasts near $256 million. Adjusted EBITDA rose to $120 million, up from $102 million in the same quarter last year, demonstrating resilience amid the miss in top-line and bottom-line expectations.

Distributable cash flow reached $73 million, with a DCF coverage ratio of 1.22×, underscoring healthy coverage of its distribution obligations.

The company reaffirmed its full-year EBITDA guidance, targeting a range of $480 million to $520 million, and highlighted ongoing investments in gas processing infrastructure in the Permian Basin.

Click here to download our most recent Sure Analysis report on DKL (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #19: Gladstone Commercial (GOOD) – P/E ratio of 7.7

Gladstone Commercial Corporation is a real estate investment trust, or REIT, that specializes in single-tenant and anchored multi-tenant net leased industrial and office properties across the U.S.

The trust targets primary and secondary markets that possess favorable economic growth trends, growing populations, strong employment, and robust growth trends.

The trust’s stated goal is to pay shareholders monthly distributions, which it has done for more than 17 consecutive years. Gladstone owns over 100 properties in 24 states that are leased to about 100 unique tenants.

Gladstone posted third quarter earnings on November 4th, 2025, and results were mixed. The trust posted FFO-per-share of 35 cents, which was three cents light of estimates. Revenue was $40.84 million, beating expectations narrowly. For the nine months, FFO was $1.02 per share.

Same-store lease revenue was up 3.1% year-over-year in the nine-month period ending in September, which was due to an increase in recovery revenue from property expenses, as well as higher rental rates.

Gladstone sold 4.4 million shares of common stock under its at-the-money program, raising net proceeds of $61 million. It now has $6 million in cash and $63 million in available liquidity.

The dividend remains flat at $1.20 per share annually. Gladstone’s portfolio is 99.1% occupied, the highest level since the first quarter of 2019, and the weighted average lease term is 7.5 years.

Click here to download our most recent Sure Analysis report on GOOD (preview of page 1 of 3 shown below):

Undervalued High Dividend Stock #20: SL Green Realty (SLG) – P/E ratio of 7.8

SL Green Realty was formed in 1980. It is an integrated real estate investment trust (REIT) that is focused on acquiring, managing, and maximizing the value of Manhattan commercial properties.

It is Manhattan’s largest office landlord, and currently owns 53 buildings totaling 31 million square feet.

In mid-October, SLG reported (10/15/2025) financial results for the third quarter of fiscal 2025. Its occupancy rate improved sequentially from 91.5% to 92.4%. Same-store net operating income dipped -4% over the prior year’s quarter.

However, thanks to higher occupancy and leasing activity, adjusted funds from operations (FFO) per share grew 40% over the prior year’s quarter, from $1.13 to $1.58, exceeding the analysts’ consensus by $0.06.

SLG has been severely hit by the pandemic, which has led many tenants to adopt a work-from-home model. Occupancy of office space in New York remains near historic lows. This has caused an unprecedented tenant-friendly environment.

The exceptionally high FFO per share in 2024 resulted from some non-recurring gains. Management stated that it still expects FFO per share of $5.65-$5.95 this year, excluding special items.

Click here to download our most recent Sure Analysis report on SLG (preview of page 1 of 3 shown below):

Final Thoughts

All the above stocks are trading at remarkably cheap valuation levels due to some business headwinds. Some of them have been hurt by high inflation or the latest economic slowdown whereas others are facing their own specific issues.

Moreover, all the above stocks are offering dividend yields above 5%. As a result, they make it much easier for investors to wait patiently for the business headwinds to subside.

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

Other Sure Dividend Resources

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