5 Best Small-Cap Dividend Stocks to Buy Now

In this article, we discuss 5 best small-cap dividend stocks to buy now. If you want to read our detailed analysis of small-cap companies and their performance over the years, go directly and read 10 Best Small-Cap Dividend Stocks to Buy Now. 

5. Midland States Bancorp, Inc. (NASDAQ:MSBI)

Dividend Yield as of November 22: 4.31%

Midland States Bancorp, Inc. (NASDAQ:MSBI) is an American bank holding company that provides personal and commercial banking services to its consumers. In September, Raymond James initiated its coverage of the stock with a Market Perform rating as the bank sector is well-positioned to benefit from rising interest rates. The firm also appreciated the company’s higher credit metrics.

In Q3 2022, Midland States Bancorp, Inc. (NASDAQ:MSBI) reported revenue of $80 million, which showed a 20% growth from the same period last year. The company had over $313 million available in cash and cash equivalents, compared with $270 million in the previous quarter. Its net income for the quarter stood at over $23.5 million.

Midland States Bancorp, Inc. (NASDAQ:MSBI) is one of the best dividend stocks on our list as the company has raised its payouts for 22 years in a row. The company currently offers a quarterly dividend of $0.29 per share and has a dividend yield of 4.31%, as of November 22.

Midland States Bancorp, Inc. (NASDAQ:MSBI) was a part of 10 hedge fund portfolios at the end of Q3 2022, according to Insider Monkey’s data. The stakes owned by these hedge funds have a total value of over $9.3 million. Two Sigma Advisors was one of the company’s leading stakeholders in Q3.

4. Ethan Allen Interiors Inc. (NYSE:ETD)

Dividend Yield as of November 22: 4.53%

Another best dividend stock on our list is Ethan Allen Interiors Inc. (NYSE:ETD), which is an American furniture company with over 300 stores across the country. The company pays a quarterly dividend of $0.32 per share, having raised it by 10%in April this year. In the previous quarter, it also paid a special dividend of $0.50 per share to shareholders. The stock has a dividend yield of 4.53%, as recorded on November 22.

In fiscal Q1 2023, Ethan Allen Interiors Inc. (NYSE:ETD) reported revenue of $214.5 million, which showed a 17.7% growth from the same period last year. The company’s operating cash flow came in at $38.4 million and returned $20.9 million to shareholders in dividends during the quarter.

As of the close of Q3 2022, 13 hedge funds in Insider Monkey’s database owned stakes in Ethan Allen Interiors Inc. (NYSE:ETD), the same as in the previous quarter. These stakes are worth $19.5 million collectively.

3. B&G Foods, Inc. (NYSE:BGS)

Dividend Yield as of November 22: 5.74%

B&G Foods, Inc. (NYSE:BGS) is a New Jersey-based food company that provides related foods and services to its consumers. RBC Capital maintained a Sector Perform rating on the stock in November with a $16 price target, highlighting the company’s quarterly earnings.

B&G Foods, Inc. (NYSE:BGS) currently pays a quarterly dividend of $0.19 per share and has a dividend yield of 5.74%, as of November 22. The company has paid regular dividends to shareholders for 73 quarters since its IPO in 2004, which makes it one of the best dividend stocks to buy.

In the third quarter of 2022, B&G Foods, Inc. (NYSE:BGS) reported a 2.6% year-over-year growth in its revenue at $528.4 million. For FY22, the company expects its net sales to fall between $2.10 billion to $2.14 billion.

At the end of September 2022, 10 hedge funds in Insider Monkey’s database owned stakes in B&G Foods, Inc. (NYSE:BGS), the same as in the previous quarter. The collective value of these stakes is over $15.2 million.

2. Universal Health Realty Income Trust (NYSE:UHT)

Dividend Yield as of November 22: 5.50%

Universal Health Realty Income Trust (NYSE:UHT) is an American real estate investment trust company that manages properties related to healthcare and human services. In Q3 2022, the company reported revenue of $22 million, up 4.5% from the same period last year. Its operating cash flow came in at $699 million, compared with $562 million in the prior-year period. The company paid over $44 million in dividends to shareholders during the quarter.

Universal Health Realty Income Trust (NYSE:UHT) is one of the best dividend stocks on our list as it holds the second-longest dividend growth streak in the REIT sector, having raised its payouts for 37 years. The company pays a quarterly dividend of $0.71 per share for a dividend yield of 5.50%, as of November 22.

At the end of Q3 2022, 4 hedge funds tracked by Insider Monkey owned stakes in Universal Health Realty Income Trust (NYSE:UHT), down from 5 in the previous quarter. The collective value of these stakes is over $12.5 million.

1. PetMed Express, Inc. (NASDAQ:PETS)

Dividend Yield as of November 22: 6.10%

PetMed Express, Inc. (NASDAQ:PETS) is a Florida-based online pet pharmacy that sells prescription and non-prescription pet medication. Jefferies maintained a Hold rating on the stock in September with a $20 price target, appreciating the company’s customer growth and improving performance.

On November 30, PetMed Express, Inc. (NASDAQ:PETS) declared a quarterly dividend of $0.30 per share, which fell in line with its previous dividend. The stock’s dividend yield on November 22 came in at 6.10%.

The number of hedge funds tracked by Insider Monkey owning stakes in PetMed Express, Inc. (NASDAQ:PETS) grew to 15 in Q3 2022, from 11 in the previous quarter. The collective worth of these stakes is nearly $43 million. Among these hedge funds, Renaissance Technologies was the company’s leading stakeholder in Q3.

You can also take a look at 14 Best Blue Chip Dividend Stocks to Buy and 11 High Dividend Stocks Picked By Billionaire Gabelli

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