The rally powering the major averages this year has lifted small-cap stocks – and several also offer dividend income and the prospect for further gains. While the S & P 500 index is up more than 13% in 2026, the Russell 2000 has toted a 23% advance. The small-cap benchmark touched a fresh record high on Friday. The year has also favored quality stocks inside the small-cap universe. Consider the Pacer US Small Cap Cash Cows ETF (CALF) , up nearly 27% this year and paying a current yield of 1.08%. The fund, which also hit an all-time high Friday, includes the top 200 small-cap stocks with the highest free cash flow yield. CNBC Pro used FactSet data to screen CALF for stocks that are well liked by analysts, offer upside relative to Wall Street price targets and pay a dividend. The search turned up the following companies. Oil and natural gas play Ovinitiv made the grade. Shares are up 62% in 2026, and the stock has a current dividend yield of 1.9%. Second-quarter adjusted net income came in at $491 million, up 85% from the same period a year ago, and free cash flow of $682 million trounced the StreetAccount consensus expectation of $595.8 million. "Critically, management has raised its full year production guidance on strong well performance in the Permian," wrote Mizuho analyst Nitin Kumar in a July 23 report. "After returning ~45% of [free cash flow] YTD, OVV indicated a full year payout ratio of ~60%, that suggests an accelerated pace of buybacks for the rest of the year – underscoring confidence in the assets, operations and balance sheet," Kumar added, reiterating his outperform rating. Kumar's $75 price target suggests 19% upside from Friday's close. Eight of 10 analysts covering Ovintiv rate it buy or overweight, and price targets suggest about a 15% gain from current levels. OVV YTD mountain Ovintiv shares in 2026 Gold miner AngloGold Ashanti has surged about 17% in 2026, and the stock offers a current dividend yield of about 4.5%. While second-quarter profits of $1.98 per share missed the FactSet consensus estimate of $2.07 a share, gold production is forecast to lean more heavily toward the second half. "Results were slightly below our expectations, but otherwise it was another strong quarter," Roth Capital Partners analyst Joe Reagor wrote earlier this month. He trimmed to $102 from $110, but reiterated a buy recommendation, saying " we expect AU to continue to outperform its peer group." More than 7 of 10 analysts covering AngloGold Ashanti rate it buy or overweight, and consensus price targets imply 17% upside. Finally, Upbound Group – parent of "rent to own" company Rent-A-Center – sported the highest current dividend yield on the screen, at 8%. The stock has rallied almost 11% in 2026, and more than 15% on a total return basis, including reinvested dividends. UPBD YTD mountain Upbound in 2026 Lower loss rates aided the company's second-quarter results, wrote KeyBanc analyst Bradley Thomas in a late July report. Upbound earned an adjusted $1.12 per share, topping the FactSet consensus estimate of $1.05 a share. The company lifted its free cash flow outlook to about $250 million in 2026, up from an earlier call for $200 million, pointing to improved working capital. Upbound stuck with its outlook for adjusted earnings of $4.00 to $4.35 per share in the full year, versus the FactSet consensus call for $4.20 a share. "We remain positive on UPBD's partnerships and see these benefiting top-line trends over time," Thomas added. Upbound's partnership with Amazon allows in-store package pickup and return at Rent-A-Center stores. Meanwhile, shoppers at Wayfair can use Upbound's Acima lease-to-own service at checkout when buying furniture and electronics. About 71% of analysts covering Upbound rate it buy or overweight, and consensus price targets see more than 45% upside from current levels. — CNBC's Fred Imbert contributed reporting.