Sure Dividend: The 10 Best Small-Cap Dividend Stocks You’ve Never Heard Of
Income stocks can provide investors with lower market volatility and better returns over time. Most investors are aware of large, established companies only capable of slow growth.
But when it comes to dividends, many smaller companies are happy to reward shareholders with cash payouts too. That gives them some current income, as well as better growth potential than many major stocks. That includes many small-cap stocks, which includes any company valued under $2 billion.
For example, there’s Lindsay Corporation (LNN). This company provides water and road infrastructure management services in the United States.
Shares are down 25 percent over the past year, as irrigation services have declined following a surge in grain prices last year. However, it’s still a dividend growth stock.
The current yield of 1.1 percent sounds low. But over time, Linsday has managed to grow its payout. Most recently, the payout was increased by 3 cents annually.
There’s also Tennant Corporation (TNC). They’re a machinery company that makes tools and products for industrial cleaning services. They operate globally, and have a market leadership position.
Revenues are up 15 percent over the past year. And the stock pays a 1.3 percent dividend yield. More importantly, it’s raised that dividend for 52 consecutive years.
To read the full list of small-cap dividend stocks, click here.