Few things in life are better than receiving a good dividend check in the mail. Perhaps the only thing better is owning a small-cap stock as it goes from small-cap to mid-cap to large-cap -- it's an experience you'll never forget. So when you find growing small-caps that also pay good dividends, they're worth a second look. At Stockpickr, we keep track of the highest-yielding small-cap stocks. There is a lot of things to like about Genco Shipping & Trading ( GSTL). If you're the type who follows charts, you have to admit the action in Genco over the past year certainly looks pretty. When I see a chart like the one shown below, I usually think the stock must be peaking, or perhaps is overvalued. But Genco trades at just 12 times this year's earnings and 11 times next year's earnings. The company ships dry bulk cargoes worldwide. So if you were a big commodity trading house with a couple of million tons of sugar, Genco would be a good fit, as it could charter your ship and get the cargo shipped. This is an ugly business but the company gets paid well for it, with 50% margins and 18% return on equity. The main reason Genco is on this list is because it pays out a 7.6% dividend yield. It has paid out 60 cents a share every quarter since going public, although last quarter it upped the dividend to 66 cents. Typically, companies don't increase dividends unless they are extremely confident that they aren't going to have to immediately decrease it. Genco also can be found in the 9% Yield Club portfolio on Stockpickr.