Here are 2 small-cap buys for steady income

Article Excerpt

Some investors shy away from small-cap stocks as they tend to come with more risk than large-cap firms. However, high-quality, dividend-paying stocks like these two remain excellent additions to most portfolios. ANDREW PELLER LTD. $8.73 is a buy. The company (Toronto symbol ADW.A; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 43.7 million; Market cap: $381.5 million; Dividend yield: 2.8%; Dividend Sustainability Rating: Above Average; www.andrewpeller.com) is Canada’s second-largest wine producer, after Arterra Wines. Its wineries are in Ontario, British Columbia and Nova Scotia. Peller raised its quarterly dividend by 10% with the July 2021 payment. The new annual rate of $0.246 per class A share yields 2.8%. Since 1995, the company has made 18 acquisitions. Its latest purchase was The Riverbend Inn and Vineyard in Niagara-on-the-Lake, Ontario. It paid $10.0 million for the historic property, which includes 17 acres of vineyards, a 21-room hotel and a restaurant. In the fiscal 2021 fourth quarter, ended March 31, 2021, Peller’s sales dropped 3.6%, to $79.13…