5 Small-Cap Stocks that Pay Dividends

3. M.D.C. Holdings, Inc. (NYSE:MDC)

Dividend Yield as of August 17: 5.76%

M.D.C. Holdings, Inc. (NYSE:MDC) is a Colorado-based home construction company that specializes in single-family detached homes. In Q2 2022, the company reported a 6% growth in its home sales revenue at $1.45 billion. Its average selling price of deliveries grew by 14% to $572,000 and its net income stood at $189.5 million, up 23% from the same period last year.

M.D.C. Holdings, Inc. (NYSE:MDC) has been paying dividends to shareholders since 1994 and has been raising its payouts for the past 3 years. It currently pays $0.50 per share in the quarterly dividend, with a dividend yield of 5.76%, as of August 17.

In July, JPMorgan lowered its price target on M.D.C. Holdings, Inc. (NYSE:MDC) to $38 with a Neutral rating on the shares, as the firm presented a less constructive outlook on the homebuilders in the current economic situation.

As per Insider Monkey’s database, 13 hedge funds owned positions in M.D.C. Holdings, Inc. (NYSE:MDC) in Q1 2022, compared with 19 in the previous quarter. The stakes owned by these hedge funds are valued at over $24.3 million.