10 Small-Cap Dividend Stocks Drive Year-to-Date Gains

7. Civeo Corporation (NYSE:CVEO)

Dividend yield: 3.66%

Dividend payout ratio: 71.43%

Ex-Dividend Date: February 24, 2025

Number of Hedge Funds: 14

Civeo Corporation (NYSE:CVEO) is another entrant in our list with a market cap of $376.14 million, contributed by a 20.20% year-to-date increase, as of February 24, 2025.

In the recent quarter of 2024, the U.S. accommodation services multinational corporation announced that it acquired a 6-year contract extension with a leading resources player to provide integrated services at 11 villages in Western Australia. The company began its services on January 1, 2025. Because of the contract, the scope of Civeo has increased from operating 7 villages to 11 villages.

Bradley J. Dodson, President and Chief Executive Officer of Civeo, stated the following about this:

“This achievement not only shows the strength of our long-term customer relationships but also brings us closer to achieving our Australian integrated services revenue target of $A500 million by 2027. We expect to reach $A340 million of revenue in 2024 in Australia, up from A$40 million of revenue we achieved when we first entered the Australian integrated services market in 2019.”

Civeo Corporation (NYSE:CVEO) anticipates a total revenue of AUD 1.4 billion from the contract, thus gaining a positive outlook from the market analysts.

The dividend yield of 3.66% offered by the company is covered by its payout ratio of 71.43%, indicating the company’s ability to generate more than enough earnings to make dividend payments. 14 hedge fund portfolios on Insider Monkey’s list, held onto the stocks of the company at the end of Q4 2024. February 24, 2025, is the final date for purchasing the stocks if the investor intends to benefit from dividend payments on March 17, 2025.