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.