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What are the Best Small Cap Dividend Stocks?

Paul RyanVerified
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Summary：Discover the best small cap dividend stocks to diversify your portfolio and generate steady income. Companies like Digi International, National Presto Industries, and Franklin Electric are good choices for long-term investors.

What are the Best Small Cap Dividend Stocks?

Investing insmall cap dividend stockscan be a great way to diversify your portfolio and generatesteady income. Small cap dividend stocks are those with a market capitalization between $300 million and $2 billion and typically pay out a portion of their earnings as dividends to shareholders.

In this article, we will take a closer look at some of the best small cap dividend stocks and what makes them a good investment choice.

1. Digi International Inc. (DGII)

Digi International Inc. is a leading provider of wireless communication solutions and internet of things (IoT) products. The company has a market capitalization of $1.1 billion and currently pays a dividend yield of 2.3%. Digi International has astrong balance sheetand is well positioned to benefit from the growing demand for IoT solutions.

2. National Presto Industries, Inc. (NPK)

National Presto Industries, Inc. is a diversified manufacturing company that produces a wide range of products, including small appliances, ammunition, and defense products. The company has a market capitalization of $877 million and currently pays a dividend yield of 4.4%. National Presto Industries has a strong track record ofdividend growthand has consistently paid dividends for over 70 years.

3. Franklin Electric Co., Inc. (FELE)

Franklin Electric Co., Inc. is a leading provider of water and fuel pumping systems and related products. The company has a market capitalization of $2 billion and currently pays a dividend yield of 1.1%. Franklin Electric has a strong balance sheet and a history of dividend growth, making it a good choice for long-term investors.

4. Brady Corporation (BRC)

Brady Corporation is a provider of identification solutions and workplace safety products. The company has a market capitalization of $2 billion and currently pays a dividend yield of 1.6%. Brady Corporation has a strong balance sheet and a history of dividend growth, making it a good choice for income investors.

5. Meredith Corporation (MDP)

Meredith Corporation is a media company that owns a portfolio of popular magazines, including Better Homes & Gardens, People, and InStyle. The company has a market capitalization of $1.5 billion and currently pays a dividend yield of 2.8%. Meredith Corporation has a strong track record of dividend growth and is well positioned to benefit from the continued growth of digital media.

Investing in small cap dividend stocks can be a great way to generate steady income and diversify your portfolio. When selecting small cap dividend stocks, it is important to look for companies with strong balance sheets and a history of dividend growth. Additionally, it is important to consider the company's industry and its potential for future growth. By doing your research and carefully selecting small cap dividend stocks, you can build a portfolio that generates steady income and grows over time.

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