A fresh analyst-focused dividend screen is drawing attention to two U.S.-listed income stocks with yields around or above 10%, putting Kimbell Royalty Partners and Blackstone Mortgage Trust in focus for investors seeking cash returns at a time when market leadership remains concentrated and rate expectations remain uncertain.

The TipRanks article, distributed through Google News and Yahoo Finance, identified Kimbell Royalty Partners, traded under the ticker KRP, and Blackstone Mortgage Trust, traded as BXMT, as stocks analysts continue to recommend despite the elevated risk profile that often comes with double-digit yields. The core question for investors is not simply whether the headline payout is high, but whether each company has enough cash-flow visibility to support that payout through a more volatile cycle.

Kimbell Royalty Partners sits in a part of the energy market that differs from traditional oil and gas production. The Fort Worth, Texas-based partnership owns mineral and royalty interests, meaning it receives royalty income from production by third-party operators rather than directly drilling and operating wells itself. That structure can give investors exposure to energy activity without the same capital burden carried by exploration and production companies, though cash flow still depends heavily on commodity prices, operator activity and the pace of drilling across its acreage.

In its first-quarter 2026 results, Kimbell said it owned mineral and royalty interests in more than 133,000 gross wells across 28 states and held interests in more than 17 million gross acres. The company reported run-rate average daily production of 25,522 barrels of oil equivalent per day and said 85 rigs were actively drilling on its acreage as of March 31, representing about 16% of U.S. land rigs in the continental United States. Those figures are central to the analyst case because they point to a broad asset base rather than reliance on a single basin or operator.

The payout is the main attraction. Kimbell declared a first-quarter 2026 cash distribution of $0.41 per common unit, representing 75% of cash available for distribution. The company said the declared distribution implied an 11.2% annualized yield based on its May 6 closing price of $14.59 per unit. Kimbell also said it planned to use the remaining 25% of cash available for distribution to repay borrowings under its secured revolving credit facility, a capital-allocation detail that matters for investors assessing whether the partnership is balancing income with leverage management.

TipRanks cited RBC analyst Scott Hanold as rating Kimbell Outperform, with a $20 price target. The bullish case rests on the partnership’s diversified royalty position, low-decline asset base and potential to continue consolidating mineral and royalty interests, particularly in active U.S. basins. Still, investors have to weigh that against the volatility embedded in the model. A high yield tied to energy royalties can rise or fall with oil and natural gas prices, production volumes and hedging outcomes. Kimbell’s first-quarter revenue of $65.5 million and net income attributable to common units of $4.0 million show the company remained profitable, but the distribution story depends more heavily on cash available for distribution than on headline earnings alone.

Blackstone Mortgage Trust offers a different kind of high-yield exposure. The company originates, acquires and manages senior loans and other credit-oriented investments backed by commercial real estate in North America, Europe and Australia. It is externally managed by a Blackstone subsidiary and benefits from the parent firm’s real estate platform, market relationships and investment sourcing, but it remains exposed to credit risk in commercial real estate, including office, hospitality, multifamily, industrial and other property sectors.

BXMT’s first-quarter 2026 results showed the tension inside the investment case. The company reported a net loss attributable to Blackstone Mortgage Trust of $6.3 million, or $0.04 per share. At the same time, it reported distributable earnings of $0.21 per share and distributable earnings prior to realized gains and losses of $0.49 per share. The company paid dividends of $0.47 per basic share for the quarter, meaning its preferred income-support metric before realized gains and losses covered the payout by a narrow margin.

That coverage detail is important because mortgage REIT investors often focus on distributable earnings, credit reserves, loan repayments, non-performing assets and financing access when assessing dividend durability. BXMT’s dividend yield above 10% is attractive only if investors believe the loan book can continue generating enough income while credit issues remain manageable. The company’s first-quarter release emphasized diversified strategies, new investments and more than $2 billion in corporate and securitized debt financings, suggesting management is working both sides of the balance sheet to sustain earnings power.

TipRanks cited UBS analyst Marissa Lobo as rating BXMT a Buy, with a $21 price target. The positive view centers on BXMT’s ability to broaden beyond traditional senior commercial real estate lending into areas such as data centers, net lease assets and bank loan portfolios. Those areas could offer more diversified return streams, especially as artificial intelligence demand supports data-center investment and as private credit markets continue to absorb financing activity that might otherwise sit on bank balance sheets.

The risk, however, is equally clear. Commercial real estate remains one of the most closely watched credit categories in the U.S. financial system because higher rates, refinancing pressure and changing property-use patterns have hit parts of the market unevenly. A mortgage REIT offering a double-digit yield can be compelling for investors who believe credit losses are already reflected in the stock price, but it can be dangerous for investors who treat the yield as bond-like income. BXMT’s dividend is backed by a lending portfolio, not a Treasury guarantee, and its earnings can be affected by borrower stress, asset sales, charge-offs and funding conditions.

Together, the two stocks show why double-digit dividend yields require more scrutiny than ordinary income names. Kimbell’s payout is tied to royalty cash flow from U.S. oil and gas production, while BXMT’s payout is tied to commercial real estate credit income. Both have analyst support and identifiable cash-flow drivers, but neither is a low-risk substitute for a diversified income portfolio.

For investors, the practical takeaway is that the analyst recommendations are best read as targeted high-yield ideas rather than blanket income calls. KRP may appeal to investors comfortable with energy-price exposure and royalty economics. BXMT may appeal to investors willing to underwrite commercial real estate credit risk with support from the Blackstone platform. In both cases, the headline yield is only the starting point. The durability of the distribution, the quality of the assets and the path of sector conditions will determine whether the income opportunity proves sustainable.