EdgeMarket › Highest dividend yields, irregular payers excluded

Highest dividend yields, irregular payers excluded

The trap on every list like this is the special distribution: one extraordinary payment turns a 2% payer into a 14% payer for exactly one year. Instruments flagged as having an irregular payment in the trailing twelve months are excluded here, and anything above 20% is excluded too — above that a yield is almost always a collapsed price the dividend has not caught up with yet.

tickeryieldpricepaid 12mpaymentspaying since1y pricesector
RWAY
Runway Growth Finance Corp.
20.00%6.641.32042021-11-05-37.5%CS
HIX
WESTERN ASSET HIGH INCOME FUND II INC.
19.95%3.940.784162016-01-20-9.0%CS
ACP
abrdn Income Credit Strategies Fund
19.83%5.091.008132016-02-09-14.6%CS
EHI
WESTERN ASSET GLOBAL HIGH INCOME FUND INC.
19.41%5.781.120162016-01-20-12.6%CS
NMFC
New Mountain Finance Corp
19.34%7.561.46052016-03-15-26.9%CS
PSBD
Palmer Square Capital BDC Inc.
19.24%10.271.97082024-03-27-25.9%CS
GDO
WESTERN ASSET GLOBAL CORPORATE OPPORTUNITY FUN
18.99%10.281.952162016-01-20-14.7%CS
SCM
Stellus Capital Investment Corp
18.47%8.651.596142016-01-27-40.3%CS
AOMR
Angel Oak Mortgage REIT, Inc.
18.35%8.241.60052021-08-20-17.6%Real Estate
WDI
Western Asset Diversified Income Fund (WDI)
18.32%12.972.376162021-08-23-14.1%CS
NHS
Neuberger High Yield Strategies Fund Inc.
18.22%5.951.086122016-01-13-19.0%CS
ABR
ARBOR REALTY TRUST INC
18.15%5.190.94042016-03-08-55.3%Real Estate
REFI
Chicago Atlantic Real Estate Finance, Inc.
17.72%10.781.88042022-03-30-24.0%Real Estate
PDI
PIMCO Dynamic Income Fund
17.65%15.122.646122016-01-12-21.3%CS
ARR
Armour Residential REIT, Inc.
17.65%16.342.880122016-01-13+10.3%Real Estate
LIEN
Chicago Atlantic BDC, Inc.
17.38%10.011.70052024-12-19-7.9%CS
TSQ
Townsquare Media, Inc.
17.36%5.931.00052018-03-29-13.0%Communications
MNR
MACH NATURAL RESOURCES LP
17.29%12.712.18052016-02-11-8.8%Energy
EIC
Eagle Point Income Co Inc.
17.27%10.001.730152019-08-15-24.3%CS
MFIC
MidCap Financial Investment Corp
17.21%9.761.69052022-09-19-24.7%CS
VOC
VOC Energy Trust
17.11%3.410.57542016-01-28+27.7%CS
PMT
PennyMac Mortgage Investment Trust
17.04%9.351.60042016-04-08-23.2%Real Estate
IGR
CBRE GLOBAL REAL ESTATE INCOME FUND
16.92%4.610.780132016-01-20-5.9%CS
CGBD
Carlyle Secured Lending, Inc.
16.77%11.351.90052017-06-28-17.4%CS
VTS
Vitesse Energy, Inc.
16.75%17.112.87562023-03-14-31.3%Energy
DX
DYNEX CAPITAL INC
16.68%13.032.210132016-03-30+4.1%Real Estate
BWG
BrandywineGLOBAL-Global Income Opportunities F
16.43%7.741.280162016-01-20-10.2%CS
WU
Western Union CO
16.12%7.301.17552016-03-15-12.0%Technology
MFA
MFA FINANCIAL, INC.
16.11%8.911.44042016-03-23-9.6%Real Estate
HIO
WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC
16.09%3.520.568162016-01-20-10.7%CS
FSCO
FS Credit Opportunities Corp.
16.06%5.180.826132022-11-28-30.7%CS
OPP
RiverNorth/DoubleLine Strategic Opportunity Fu
15.99%7.481.199132016-11-16-12.9%CS
BRW
Saba Capital Income & Opportunities Fund
15.96%6.431.020122021-01-08-22.3%CS
ACRE
Ares Commercial Real Estate Corp
15.92%4.770.75052016-03-29+5.8%Real Estate
HGLB
HIGHLAND GLOBAL ALLOCATION FUND
15.92%7.601.205142019-03-21-10.0%CS
SUNS
Sunrise Realty Trust, Inc.
15.78%7.651.20042016-01-19-28.9%Real Estate
BXSL
Blackstone Secured Lending Fund
15.61%24.763.85052021-12-30-17.3%CS
RIV
RIVERNORTH OPPORTUNITIES FUND, INC.
15.34%11.001.686132016-02-09-10.9%CS
MSDL
Morgan Stanley Direct Lending Fund
15.28%15.362.35052023-12-27-13.0%CS
RWT
REDWOOD TRUST INC
15.16%4.800.72042016-03-14-20.7%Real Estate
KBDC
Kayne Anderson BDC, Inc.
14.99%13.362.00052024-06-28-11.1%CS
MORT
VanEck Mortgage REIT Income ETF
14.96%9.901.48542016-04-01-8.3%ETF
FRA
BLACKROCK FLOATING RATE INCOME STRATEGIES FUND
14.74%10.781.610132016-02-11-18.0%CS
CRESY
CRESUD INC
14.72%11.171.61822017-11-10+4.8%Real Estate
SLRC
SLR Investment Corp.
14.71%12.631.85052016-03-22-23.5%CS
CLPR
Clipper Realty Inc.
14.71%3.280.47552017-04-06-19.8%Real Estate
FAX
ABRDN ASIA-PACIFIC INCOME FUND, INC.
14.57%14.772.145132016-01-19-10.4%CS
SEVN
Seven Hills Realty Trust
14.56%7.701.12042021-04-23-26.6%Real Estate
BKNG
Booking Holdings Inc.
14.55%209.6230.54052024-03-07-7.1%Industrials
HYI
Western Asset High Yield Opportunity Fund Inc.
14.49%10.461.520162016-01-20-12.8%CS
KIO
KKR Income Opportunities Fund
14.44%10.961.579132016-01-13-11.5%CS
EMD
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
14.41%10.601.520162016-03-16+1.9%CS
USEA
United Maritime Corp
14.39%2.770.39042023-01-11+81.9%Industrials
BGT
BLACKROCK FLOATING RATE INCOME TRUST
14.37%10.861.564132016-02-11-12.6%CS
AGNC
AGNC Investment Corp.
14.29%10.891.560132016-01-27+12.2%Real Estate
PCF
HIGH INCOME SECURITIES FUND
14.24%5.360.759132016-01-20-16.1%CS
VVR
Invesco Senior Income Trust
14.24%2.950.420122016-01-13-18.1%CS
CIM
CHIMERA INVESTMENT CORP
14.16%11.521.64042016-03-15-16.7%Real Estate
QQQI
NEOS Nasdaq 100 High Income ETF
14.15%54.247.648122024-02-21+3.7%ETF
EDF
Virtus Stone Harbor Emerging Markets Income Fu
14.15%5.060.720122016-01-13-1.0%CS

Yields are trailing, computed from payments actually made in the last twelve months against the current price. A trailing yield is a fact about the past; a forward yield is a forecast, and we do not publish one. The 1-year price column is there for a reason — a high yield next to a −60% price is a warning, not a gift.

Questions

Are these forward or trailing yields?

Trailing. We divide what was actually paid over the last twelve months by today's price. Forward yields require assuming the next payment, and that assumption is exactly what breaks when a company cuts.

Why exclude special distributions?

Because they do not repeat, and they dominate any ranking sorted by yield. A list topped by one-off payouts is a list of things that already happened.

Does a high yield mean a good investment?

Often the opposite. Yield rises when price falls, so the top of this list is biased toward companies the market is worried about. Read it alongside the 1-year price column and the filings.

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