Top 10 Dividend Stocks to Watch: August 16 – 24, 2023

10. – SBRA – Sabra Healthcare REIT, Inc.

Forward Yield (%): 9.47%

Ex-Dividend Date: 2023-08-16

Sabra Healthcare REIT, Inc. takes the 10th spot this week in our top dividend rankings. Sabra Healthcare REIT, Inc. is a real estate investment trust that focuses on providing an investor base with a consolidating healthcare-based portfolio composed of investments in real estate assets and real estate-related loans. As an REIT, it is known to consistently have a growing dividend payout. Sabra Healthcare REIT, Inc.’s dividend payments have been consistently growing over the years and is a sound and reliable investment for long-term holders.

• Current stock price: $12.67
• Market Cap: $2.93 billion
• Declaration date: 2023-08-07
• Pay date: 2023-08-31
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9. – FGB – First Trust Specialty Finance and Financial Opportunities Fund

Forward Yield (%): 9.51%

Ex-Dividend Date: 2023-08-22

This week, First Trust Specialty Finance and Financial Opportunities Fund sits comfortably in the 9th position in our Top 10 weekly dividend rankings. First Trust provides investors access to multiple areas of the specialty finance and financial opportunities sector, offering money-market instruments and repurchase agreements as well as high-yield debt securities and other financial instruments that may provide regular income streams. Historically, the dividend has been stable and growing stably.

• Current stock price: $3.47
• Market Cap: $0.05 billion
• Declaration date: 2023-08-10
• Pay date: 2023-08-31
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8. – IFN – The India Fund, Inc.

Forward Yield (%): 9.96%

Ex-Dividend Date: 2023-08-23

The India Fund, Inc. is ranked 8th this week in the top 10 weekly dividend rankings. This company invests mainly in equity and debt securities of companies in India, offering investors potential for capital appreciation. It has been consistently stable and growth oriented with significant dividend payouts since its inception. Its dividend yield for the last 12 months was approximately 4.39%.

• Current stock price: $16.46
• Market Cap: $0.49 billion
• Declaration date: 2023-08-09
• Pay date: 2023-09-29
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7. – MFD – Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Forward Yield (%): 10.18%

Ex-Dividend Date: 2023-08-22

This week, Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund holds its 7th position in the top 10 dividend rankings. This fund provides investors access to one of the largest diversified portfolios of infrastructure and utility stocks in the world. It comprises predominantly of dividend-paying stocks which have historically shown steady and stable dividend growth. The fund’s objective is to deliver investor diversification and consistent income streams with potential capital growth. It believes that investing in infrastructure and utility stocks offers significant benefits, including higher dividend yields and better downside risk protection than many other asset classes.

• Current stock price: $7.86
• Market Cap: $0.07 billion
• Declaration date: 2023-08-10
• Pay date: 2023-08-31
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6. – HTGC – Hercules Capital, Inc.

Forward Yield (%): 11.20%

Ex-Dividend Date: 2023-08-17

This week Hercules Capital, Inc. is placed at 6th position in our top 10 weekly dividend rankings. Hercules Capital is a leading specialty finance company that primarily focuses on providing venture debt to technology-related businesses. The company has a diversified portfolio of assets that reflects consistent credit quality and a stable dividend history, making it a popular choice for investors looking for long-term growth and dependable income. Hercules Capital has high dividend coverage and a secure financial footing, enabling it to steadily increase its dividend payments over the years.

• Current stock price: $17.15
• Market Cap: $2.59 billion
• Declaration date: 2023-08-01
• Pay date: 2023-08-25
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5. – IAF – abrdn Australia Equity Fund, Inc.

Forward Yield (%): 11.40%

Ex-Dividend Date: 2023-08-23

ABRdn Australia Equity Fund, Inc. has been ranked 5th among the top 10 weekly dividend yielding companies. It is a diversified fund that mainly invests in the equity markets of Australia, and it has managed to provide stably growing dividends and to maintain a high dividend yield over time. According to reports, the fund has yielded one of the highest dividend yields in the region, making it a reliable option for investors looking for a steady income.

• Current stock price: $4.21
• Market Cap: $0.11 billion
• Declaration date: 2023-08-09
• Pay date: 2023-09-29
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4. – COHN – Cohen & Company Inc

Forward Yield (%): 12.33%

Ex-Dividend Date: 2023-08-17

This week Cohen & Company Inc ranked #4 in our top 10 weekly dividend rankings. A professional services firm with a record of delivering reliable results since 1924, Cohen & Company has a significantly entrenched presence in the accounting and financial sectors, providing audit and assurance, tax, financial advisory services, family office and investments, litigation consulting and real estate management services. The company has a steadily growing yield, making it a trusted source of stable and reliable income for investors. Furthermore, Cohen & Company has a long track record of consistent dividend payments and focuses on creating sustainable and meaningful returns for shareholders.

• Current stock price: $8.11
• Market Cap: $0.01 billion
• Declaration date: 2023-08-02
• Pay date: 2023-09-01
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3. – AOMR – Angel Oak Mortgage REIT, Inc.

Forward Yield (%): 13.24%

Ex-Dividend Date: 2023-08-21

Ranking in the top 3 this week, the Angel Oak Mortgage REIT, Inc. is an attractive option for those looking for stable and growing dividend payments. The company is a real estate investment trust (REIT) specializing in investing in residential mortgage loans and is headquartered in Atlanta, Georgia. The company has a track record of steady and reliable dividends over the last 3 years, with annual payments rising slightly, signifying its resilient portfolio of mortgages. The majority of the company’s holdings are Alt-A and non-QM residential mortgages, meaning that their primary sources of income come from borrowers who fall outside the scope of the traditional real estate loans, albeit at a lower cost to buy. This allows the company to ensure consistent returns while taking on less risk. In addition, the company’s dividend yield, at 8.6%, is considered robust in comparison to other REITs, making it a promising dividend pick.

• Current stock price: $9.67
• Market Cap: $0.24 billion
• Declaration date: 2023-08-08
• Pay date: 2023-08-31
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2. – PTMN – Portman Ridge Finance Corporation Common Stock

Forward Yield (%): 13.37%

Ex-Dividend Date: 2023-08-21

This week Portman Ridge Finance Corporation Common Stock has earned position 2 in my Top 10 Weekly Dividend Rankings. Portman Ridge Finance Corporation is a specialty finance company which provides private debt and equity capital to middle market companies. It seeks to invest in businesses that are typically not able to access the capital they need by traditional means. They have an excellent track record of providing capital solutions that enable public and private companies to meet their liquidity needs and drive growth.

The company has also been stable and stably growing over the years, as reflected in their dividend history. Management continues to focus on the careful development of the company’s balance sheet and the dividend payments to investors. Portman’s dividend payout has increased significantly over the years, rising from 0.13 cents per share in 2012 to 17.5 cents per share in 2018. This steep increase reflects their commitment to consistent and sustainable dividend payouts to their investors.

• Current stock price: $20.65
• Market Cap: $0.20 billion
• Declaration date: 2023-08-09
• Pay date: 2023-08-31
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Recent Dividends

1. – IEP – Icahn Enterprises L.P

Forward Yield (%): 16.10%

Ex-Dividend Date: 2023-08-17

This week, Icahn Enterprises L.P. (IEP) secures the top spot in the weekly dividend rankings due to the stability of its dividend payments and the high dividend yields the company offers. IEP is a diversified investment company with investments spanning several sectors including automotive, energy, gaming, industrial services, real estate, food packaging, and more. Founded by billionaire investor Carl Icahn in 1987, IEP has a long track record of paying and increasing dividends. The company has only suspended or omitted dividends twice in its history, making it an attractive option for income seekers. IEP has maintained a steady dividend payment and has seen excellent historical distribution rates to investors. Both the stock price and dividend yield have been consistently rising, due to IEP’s smart financing and portfolio strategy that limits risk while maximizing gains. This is evidenced by the fact that the company’s dividend has grown at an over 6% compounded annual growth rate for the last 6 years, while its stock price has increased by 110% since the beginning of 2017. With its unique ability to identify and capitalize on attractive investments, IEP is an ideal option for income seeking investors seeking to secure consistent dividends.

• Current stock price: $24.85
• Market Cap: $9.78 billion
• Declaration date: 2023-08-04
• Pay date: 2023-09-27
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Recent Dividends