- Star Bulk Carriers Corp. (NASDAQ: SBLK) has a dividend yield of 13.53%. Its stock rose 133.86% YTD.
- Golden Ocean Group Limited (NASDAQ: GOGL) stock raked in 99.56% return YTD and closed at US$9.24 on Nov 1. Its dividend yield is 21.98%.
- FS KKR Capital Corp. (NYSE: FSK) stock has a dividend yield of 11.84% with an annualized dividend of US$2.60.
Dividend stocks offer investors an opportunity to earn a regular passive income through their investments. Therefore, it is crucial to consider dividend yield and other financial aspects before zeroing in on a particular stock of a company.
Here we discuss nine stocks that have a dividend yield of more than 10%.
Nustar Energy L.P. Common Units (NYSE: NS)
Dividend Yield – 10.06
Annualized Dividend – US$1.60
The energy company is headquartered in San Antonio, Texas. It operates pipelines and terminals to transport petroleum products and store crude oil and specialty chemicals. Its market capitalization is US$1.75 billion, with a P/E ratio of 13.26.
It earned US$427 million in revenue and US$63 million in net income for the June quarter of 2021. The stock grew 11.65% YTD based on the closing price of US$16.09 on Nov 2, 2021.
BP Midstream Partners LP (NYSE: BPMP)
Dividend Yield – 10.45%
Annualized Dividend – US$1.39
The Houston, Texas-based energy company is a leading oil and gas producer. It owns, operates, develops, and acquires midstream assets, including pipelines. It also transports oil and gas to the refining market and trading and distribution in the respective hubs.
The revenue was US$28.9 million, and the net income was US$40.5 million in the June quarter of 2021. The energy company has a market capitalization of US$1.4 billion and a P/E ratio of 8.62. Its stock rose 25.85% YTD. It closed at US$13.34 on Nov 2, 2021.
Source – Pixabay
Star Bulk Carriers Corp. (NASDAQ: SBLK)
Dividend Yield – 13.53%
Annualized Dividend – US$2.80
The Athens-based company provides seaborne transportation solutions, mainly for the dry bulk sector. The marine transportation company owns and operates vessels for dry bulk like iron ore, bauxite, steel, etc.
It earned a revenue of US$311 million and a net income of US$124 million in the June quarter of 2021 against a loss of US$44 million a year ago. Its EPS diluted was US$1.22 in the quarter.
The company has a market capitalization of US$2.12 billion and a P/E ratio of 9.83.
The stock rose 133.86% YTD and closed at US$20.65 on Nov 1, 2021.
Ready Capital Corporation (NYSE: RC)
Dividend Yield – 10.86%
Annualized Dividend – US$1.68
The New York-based Ready Capital is a multi-strategy real estate finance company. It is engaged in acquiring, managing, and financing small to medium-sized commercial loans.
The company will announce its third-quarter results on Nov 4, 2021. Its current market capitalization is US$1.12 billion, and the P/E ratio is 7.9.
Its net income for the June quarter of 2021 was US$24 million, and cash and cash equivalents were US$517.9 million at the end of June 30, 2021.
The stock gained 26.26% YTD. It closed at US$15.72 on Nov 2, 2021.
Golden Ocean Group Limited (NASDAQ: GOGL)
Dividend Yield – 21.98%
Annualized Dividend – US$2.00
The Bermuda-based marine transportation company offers dry bulk shipping. It provides transportation services for dry bulk cargo, including grains, fertilizers, coal, ores, etc. The company owns a fleet of vessels like chartered, commercial management, and bareboat.
It has a market capitalization of US$1.85 billion and a P/E ratio of 8.32.
For the second quarter of 2021, the company’s net income was US$104.5 million or earnings per share of US$0.52. The operating revenues were US$275.7 million, compared to US$116 million in the second quarter of 2020.
The stock raked in 99.56% return YTD and closed at US$9.24 on Nov 1.
USA Compression Partners, LP (NYSE: USAC)
Dividend Yield – 13.22%
Annualized Dividend – US$2.10
The Austin, Texas-based energy company provides compression services in the US. It provides services like processing and transportation of natural gas through the pipeline system. The compression unit is also used to improve oil production by the artificial lift process.
The market capitalization of the company is US$1.59 billion. For the three months ended June 30, 2021, the company reported revenue of US$156.5 million and a net loss of US$9.5 million.
The stock grew 19.11% YTD and closed at US$16.20 on Nov 1, 2021.
FS KKR Capital Corp. (NYSE: FSK)
Dividend Yield – 11.84%
Annualized Dividend – US$2.60
The Philadelphia, Pennsylvania-headquartered FSK is a financial services company. It provides credit solutions customized for private middle-market companies. Its market capitalization is US$6 billion, and its P/E ratio is 2.1.
For the quarter ended June 30, 2021, the revenue of the company was US$160 million, and net income was US$865 million.
The stock gained 30.25% YTD at the close of US$21.57 on Nov 1, 2021.
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Two Harbors Investment Corp (NYSE: TWO)
Dividend Yield – 10.59%
Annualized Dividend – US$0.68
The company is based in Minnetonka, Minnesota. It is a real estate investment trust (REIT) focused on investing in residential mortgage-backed securities, or RMBS. It also finances and manages residential mortgage loans, servicing rights, and commercial properties. Its market capitalization is US$2.22 billion, and the P/E ratio is 4.09.
The REIT didn’t earn any revenue for the quarter ended June 30, 2021. It reported a net loss of US$131.7 million for the second quarter.
The stock closed at US$6.51 on Nov 1. It generated a 2.2% return YTD.
Source – Pixabay
Annaly Capital Management Inc (NYSE: NLY)
Dividend Yield – 10.4%
Annualized Dividend – US$0.88
NLY is a mortgage real estate investment trust. The REIT deals in residential and commercial leasing segments. The New York-based REIT’s residential assets are mainly agency mortgage-backed securities and debentures. Annaly invests in commercial mortgage loans and mortgage-backed securities through its subsidiary, Annaly Commercial Real Estate Group.
Its market capitalization is US$12.45 billion, and its P/E ratio is 4.43.
For the quarter ended June 30, 2021, the company reported a revenue of US$322.9 million and a net loss of US$322.45 million or US$(0.23) per share diluted.
The stock closed at US$8.62 on Nov 1, 2021. It gained 2% YTD.
The S&P 500 dividend aristocrat index gave 11.01% YTD. Dividend stocks are typically for people looking for a regular passive income. However, investors must evaluate the companies and the overall industry before investing in the stock market.