18 Most Attractive Mid-Cap Dividend Growth Stocks

I'm a big fan of large capitalized stocks due to the higher degree of safeness I could enjoy. But the price I pay for those extra points is return.

High quality large cap stocks often give you a smaller return than companies with a small capitalization.

Mid-cap stocks combine attributes of both large and small companies. Similar to large companies, these mid-size companies can have seasoned management teams, a strong market presence and access to capital markets, for instance.

They can also grow quickly, with fewer layers of management and bureaucracy, and offer a more entrepreneurial spirit than large competitors.

Attached I've tried to list some smaller capitalized dividend growth stocks with a market cap under 10 billion and a history of consecutive dividend of more than 10 years.

Exactly 210 companies have such a long dividend growth history. In order to limit my selection, I've tighten my criteria.

Each of the stocks must fulfill the following restrictions:

- Forward P/E under 15

- Debt-to-equity under 0.5

- 5-Year estimated EPS growth over 5%

18 small- and mid capitalized stocks survived my screening criteria of which five yield over 3 percent. 8 of the results have a buy or better rating.

Here are the top yielding results in detail...

Daktronics -- Yield: 4.59%

Daktronics (NASDAQ:DAKT) employs 2,420 people, generates revenue of $615.94 million and has a net income of $20.88 million. The current market capitalization stands at $383.29 million.

Daktronics’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $46.25 million. The EBITDA margin is 7.51% (the operating margin is 5.08% and the net profit margin 3.39%).

Financials: The total debt represents 1.00% of Daktronics assets and the total debt in relation to the equity amounts to 1.78%. Due to the financial situation, a return on equity of 10.06% was realized by Daktronics.

Twelve trailing months earnings per share reached a value of $0.26. Last fiscal year, Daktronics paid $0.40 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 34.16, the P/S ratio is 0.62 and the P/B ratio is finally 1.79. The dividend yield amounts to 4.59%.

Stock Charts:

Long-Term Stock Price Chart of Daktronics (DAKT)

Long-Term Dividend Payment History of Daktronics (DAKT)

Long-Term Dividend Yield History of Daktronics (DAKT)

Donegal Group -- Yield: 3.84%

Donegal Group (NASDAQ:DGICA) employs 410 people, generates revenue of $586.55 million and has a net income of $14.54 million. The current market capitalization stands at $408.91 million.

Donegal Group’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $111.47 million. The EBITDA margin is 19.00% (the operating margin is 3.03% and the net profit margin 2.48%).

Financials: The total debt represents 4.14% of Donegal Group assets and the total debt in relation to the equity amounts to 14.53%. Due to the financial situation, a return on equity of 3.58% was realized by Donegal Group.

Twelve trailing months earnings per share reached a value of $0.85. Last fiscal year, Donegal Group paid $0.53 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 16.56, the P/S ratio is 0.70 and the P/B ratio is finally 0.91. The dividend yield amounts to 3.84%.

Stock Charts:

Long-Term Stock Price Chart of Donegal Group (DGICA)

Long-Term Dividend Payment History of Donegal Group (DGICA)

Long-Term Dividend Yield History of Donegal Group (DGICA)

Arrow Financial -- Yield: 3.68%

Arrow Financial (NASDAQ:AROW) employs 513 people, generates revenue of $66.86 million and has a net income of $23.36 million. The current market capitalization stands at $350.70 million.

Arrow Financial’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $41.64 million. The EBITDA margin is 46.57% (the operating margin is 37.51% and the net profit margin 26.13%).

Financials: The total debt represents 1.78% of Arrow Financial assets and the total debt in relation to the equity amounts to 19.62%. Due to the financial situation, a return on equity of 11.89% was realized by Arrow Financial.

Twelve trailing months earnings per share reached a value of $1.89. Last fiscal year, Arrow Financial paid $0.98 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 14.35, the P/S ratio is 3.92 and the P/B ratio is finally 1.75. The dividend yield amounts to 3.68%.

Stock Charts:

Long-Term Stock Price Chart of Arrow Financial (AROW)

Long-Term Dividend Payment History of Arrow Financial (AROW)

Long-Term Dividend Yield History of Arrow Financial (AROW)

Cullen/Frost Bankers -- Yield: 3.53%

Cullen/Frost Bankers (NYSE:CFR) employs 4,154 people, generates revenue of $701.47 million and has a net income of $277.98 million. The current market capitalization stands at $3.74 billion.

Cullen/Frost Bankers’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $379.23 million. The EBITDA margin is 37.66% (the operating margin is 33.37% and the net profit margin 27.60%).

Financials: The total debt represents 3.68% of Cullen/Frost Bankers assets and the total debt in relation to the equity amounts to 36.48%. Due to the financial situation, a return on equity of 10.59% was realized by Cullen/Frost Bankers.

Twelve trailing months earnings per share reached a value of $4.47. Last fiscal year, Cullen/Frost Bankers paid $2.03 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 13.42, the P/S ratio is 3.71 and the P/B ratio is finally 1.40. The dividend yield amounts to 3.53%.

Stock Charts:

Long-Term Stock Price Chart of Cullen/Frost Bankers (CFR)

Long-Term Dividend Payment History of Cullen/Frost Bankers (CFR)

Long-Term Dividend Yield History of Cullen/Frost Bankers (CFR)

MSC Industrial Direct -- Yield: 3.06%

MSC Industrial Direct (NYSE:MSM) employs 6,642 people, generates revenue of $2,910.38 million and has a net income of $231.31 million. The current market capitalization stands at $3.47 billion.

MSC Industrial Direct’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $448.91 million. The EBITDA margin is 15.42% (the operating margin is 13.04% and the net profit margin 7.95%).

Financials: The total debt represents 20.38% of MSC Industrial Direct assets and the total debt in relation to the equity amounts to 32.13%. Due to the financial situation, a return on equity of 16.84% was realized by MSC Industrial Direct.

Twelve trailing months earnings per share reached a value of $3.74. Last fiscal year, MSC Industrial Direct paid $4.60 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.03, the P/S ratio is 1.19 and the P/B ratio is finally 2.60. The dividend yield amounts to 3.06%.

Stock Charts:

Long-Term Stock Price Chart of MSC Industrial Direct (MSM)

Long-Term Dividend Payment History of MSC Industrial Direct (MSM)

Long-Term Dividend Yield History of MSC Industrial Direct (MSM)

BOK Financial -- Yield: 2.88%

BOK Financial (NASDAQ:BOKF) employs 4,743 people, generates revenue of $732.24 million and has a net income of $295.48 million. The current market capitalization stands at $4.05 billion.

BOK Financial’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $502.72 million. The EBITDA margin is 39.34% (the operating margin is 33.68% and the net profit margin 23.12%).

Financials: The total debt represents 5.58% of BOK Financial assets and the total debt in relation to the equity amounts to 49.15%. Due to the financial situation, a return on equity of 9.15% was realized by BOK Financial.

Twelve trailing months earnings per share reached a value of $4.25. Last fiscal year, BOK Financial paid $1.62 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 14.07, the P/S ratio is 3.17 and the P/B ratio is finally 1.25. The dividend yield amounts to 2.88%.

Stock Charts: