5 Small-Cap Stocks that Pay Dividends

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

Dividend Yield as of August 17: 7.93%

B&G Foods, Inc. (NYSE:BGS) is an American food holding company that produces various food products such as pickles and condiments. In August, Piper Sandler raised its price target on the stock to $27 with a Neutral rating on the shares, highlighting the company’s Q2 earnings.

Though B&G Foods, Inc. (NYSE:BGS) missed analysts’ estimates in Q2 2022, the company’s revenue of $479 million showed a 3.1% year-over-year growth. The company reported $43 million in cash and cash equivalents, up from $33.7 million in January. In addition to this, the company also paid $34 million in dividends to shareholders during the quarter.

B&G Foods, Inc. (NYSE:BGS) has not raised its quarterly payout since 2018 but the company maintained its payouts over the years. It pays a quarterly dividend of $0.475 per share, with a yield of 7.93%, as of August 17.

Millennium Management owned a stake worth over $20.4 million in B&G Foods, Inc. (NYSE:BGS), becoming the company’s leading stakeholder in Q1. In addition to this, 11 hedge funds in Insider Monkey’s database owned stakes in the company in Q1, worth over $43.4 million.