Small Cap Stocks with High Dividend Yields
Here are a few companies with market caps under $1 billion with larger than 10% yields:
Templeton Emerging Markets Income Fund (TEI): current yield 11.1%
Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-end investment company. The Fund’s primary investment objective is high current income, with a secondary objective of capital appreciation. Templeton Emerging Markets Income Fund invests at least 80% of its total net assets in income producing securities of sovereign or sovereign-related entities, and private sector companies in emerging market countries. (google)
Novastar Financial Inc. (NFI): current yield 29%
NovaStar Financial, Inc. is one of the nation’s leading lenders and investors in nonconforming residential mortgage loans. Founded in 1996, NovaStar efficiently brings together the capital markets and American families financing their homes.
We focus on single-family, nonconforming mortgage loans, involving borrowers whose loan size, credit details or other circumstances fall outside conventional agency mortgage loan guidelines. In a well-managed portfolio, these loans offer higher net interest margins than conventional agency loans.
Central Europe & Russia Fund Inc. (CEE) : current yield 10.8%