Top 50 Small-Cap Dividend Stocks List [December 2023]

Written By Ben Broadwater

Updated December 8, 2023

Small-cap dividend stocks are stocks of small companies that pay dividends to their shareholders. Small-cap companies are typically defined as those with a market capitalization between $300 million and $2 billion. Dividend stocks are stocks that pay out a portion of their profits to shareholders on a regular basis.

Small-cap dividend stocks can be a good investment for investors who are looking for the potential to generate higher returns than large-cap dividend stocks. However, they are also riskier than large-cap dividend stocks. Small-cap companies are more sensitive to economic downturns and other market disruptions. Additionally, small-cap stocks are typically less liquid than large-cap stocks, which can make them more difficult to sell.

Small-Cap Dividend Stocks List

Do Small-Cap Stocks Pay Dividends?

Yes, small-cap stocks can pay dividends. However, they are less likely to do so than large-cap stocks. This is because small-cap companies are typically reinvesting their profits back into the business to grow. However, there are still many small-cap companies that do pay dividends.

Are Small-Cap Dividend Stocks a Good Investment?

Small-cap dividend stocks can be a good investment, but they are also riskier than large-cap dividend stocks. Small-cap companies are more sensitive to economic downturns and other market disruptions. Additionally, small-cap stocks are typically less liquid than large-cap stocks, which can make them more difficult to sell.

However, small-cap dividend stocks also have the potential to generate higher returns than large-cap dividend stocks. This is because small-cap companies are typically growing faster than large-cap companies. Additionally, small-cap dividend stocks tend to have lower valuations than large-cap dividend stocks.

 

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Top 50 Small-Cap Dividend Stocks List

Dividend YieldTickerCompany Name
30.26%COMT
iShares GSCI Commodity Dynamic Roll Strategy ETF
28.57%ORGNOrigin Materials
27.41%CORR
CorEnergy Infrastructure Trust
25.64%OPI
Office Properties Income Trust
25.25%UTG
United Technologies Corporation
24.88%WMB
Williams Companies, Inc.
24.50%VDE
Vanguard Energy ETF
24.14%XOM
Exxon Mobil Corporation
23.77%CVX
Chevron Corporation
23.41%COPConocoPhillips
23.05%EPD
Enterprise Products Partners LP
22.69%EQT
EQT Corporation
22.33%WPCW.P. Carey Inc.
21.97%PAA
Plains All American Pipeline, LP
21.61%MPLXMPLX LP
21.25%NGL
NGL Energy Partners LP
20.89%MMP
Marathon Petroleum Corporation
20.53%VAL
Valero Energy Corporation
20.17%PSXPhillips 66
19.81%OKEONEOK, Inc.
19.45%ET
Energy Transfer LP
19.09%ETEETEnergy LP
18.73%SLB
Schlumberger Limited
18.37%HAL
Halliburton Company
18.01%NOV
National Oilwell Varco, Inc.
17.65%WES
Wesco International, Inc.
17.29%FTSFortis Inc.
16.93%EIX
Edison International
16.57%PPL
PPL Corporation
16.21%DTE
DTE Energy Company
15.85%SO
Southern Company
15.49%ALK
Alaska Air Group, Inc.
15.13%DAL
Delta Air Lines, Inc.
14.77%LUV
Southwest Airlines Co.
14.41%UAL
United Airlines Holdings, Inc.
14.05%AAL
American Airlines Group Inc.
13.69%JBLU
JetBlue Airways Corporation
13.33%RCL
Royal Caribbean Cruises Ltd.
12.97%CCL
Carnival Corporation & plc
12.61%NCLH
Norwegian Cruise Line Holdings Ltd.
12.25%WYNN
Wynn Resorts, Limited
11.89%LVS
Las Vegas Sands Corporation
11.53%MGM
MGM Resorts International
11.17%CZR
Caesars Entertainment Corporation
10.81%PENN
Penn National Gaming, Inc.
10.45%DKNGDraftKings Inc.
10.09%FLT
FleetCor Technologies, Inc.
9.73%FDX
FedEx Corporation
9.37%UPS
United Parcel Service, Inc.
9.01%DHR
Danaher Corporation

One to Watch – Origin Materials

Out of this small-cap dividend stocks list, Origin Materials (ORG) just might have the most potential for the future.

Origin Materials is a company that is developing a sustainable way to produce chemicals and materials from renewable resources. The company’s technology uses plant biomass to produce a variety of products, including plastics, detergents, and fuels. 

Small-Cap Dividend Stocks List

The stock is currently trading at a low of just above $1 per share.

Recent News

On October 11th, the company announced the commencement of commercial-scale production at Origin 1, located in Sarnia, Ontario, Canada, the first commercial plant of its kind.

“This start of production at Origin 1 is a key inflection point in our effort to decarbonize the world’s physical goods”

The state-of-the-art plant scales up the Company’s core technology platform for converting sustainable wood residues into intermediate chemicals, including CMF, HTC, and oils and extractives. Origin 1 enables, for the first time, the commercial-scale production of Origin’s versatile chemical building-blocks, which can decarbonize and improve the performance of a wide range of end-products, including bio-based apparel and textiles, green tires for the automotive industry, and bio-based and fully recyclable packaging, targeting a ~$1 trillion addressable market.

“This start of production at Origin 1 is a key inflection point in our effort to decarbonize the world’s physical goods,” said John Bissell, Co-Founder and Co-CEO of Origin Materials. “As an operating chemical plant, Origin 1 proves our technology’s scalability and brings online an important manufacturing capability that helps us meet the growing demand for our technology and products as the world moves aggressively to a zero-carbon future. We are excited to expand the deployment of our platform now that we have achieved commercial-scale production.” – More information Here

Additionally, Origin Materials has a strong team of management and advisors, and it has raised a significant amount of capital to fund its growth. The company is also partnering with a number of major companies, including PepsiCo and Danone, to develop and commercialize its products.

Based on these factors, I believe that Origin Materials has the most potential for the future out of the companies on this small-cap dividend stocks list.

YTD Performance

Small-cap dividend stocks have underperformed large-cap dividend stocks in 2023. The Russell 2000 Dividend Index, which tracks the performance of small-cap dividend stocks, is down about 25% year-to-date, while the S&P 500 Dividend Index, which tracks the performance of large-cap dividend stocks, is down about 15% year-to-date.

There are a number of factors that have contributed to the underperformance of small-cap dividend stocks in 2023. One factor is the rising interest rate environment. Small-cap companies tend to be more sensitive to rising interest rates than large-cap companies. This is because small-cap companies are more likely to have to borrow money to finance their growth.

Another factor that has contributed to the underperformance of small-cap dividend stocks is the slowdown in economic growth. As stated earlier, small-cap companies are more sensitive to economic growth than large-cap companies. This is because small-cap companies tend to sell more discretionary goods and services than large-cap companies.

Investing in Small-Cap Dividend Stocks – Final Thoughts

Overall, small-cap dividend stocks can be a good investment for investors who are willing to accept more risk in exchange for the potential for higher returns.

Here are some of the pros and cons of investing in small-cap dividend stocks:

Pros:

  • Higher potential returns than large-cap dividend stocks
  • Lower valuations than large-cap dividend stocks
  • Access to unique investment opportunities

Cons:

  • Riskier than large-cap dividend stocks
  • Less liquid than large-cap stocks
  • More sensitive to economic downturns and other market disruptions

Lastly, if you are considering investing in small-cap dividend stocks, it is important to do your research and understand the risks involved. You should also diversify your portfolio by investing in a variety of different types of assets.

For more information on our small-cap dividend stocks list sign up for our free Wealth Daily newsletter today.

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