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Dividend stocks are more attractive to investors these days due to the decline in interest rates and with the recent reduction in the tax rate on most dividends. Also, investors like dividend stocks for long-term investments as these dividend payments tend to protect the stock price from market volatility that affects non-dividend paying stocks. However, careful analysis of dividend stocks and choosing the right dividend stocks at right time is critical for investors.

In this article, I will focus on small cap stocks with a high dividend yield and ex-dividend date within the next week (June 11 to June 15). These stocks are screened based on the following criteria:

  • Security Type: Common Stock

  • Market Cap: Between $250 million and $2 billion

  • Dividend Yield: Greater than or equal to 6.0%

  • Ex-Dividend Date: Between June 11, 2012 and June 15, 2012

  1. MCG CAPITAL CORP (MCGC): MCG Capital Corporation is a private equity firm specializing in investments in middle market companies. MCG Capital has a market cap of $331.6M. MCG Capital is currently trading around $4.32 with a 52 week range of $3.40 to $7.23. The dividend amount is 14 cents per share which is 12.96% dividend yield. The Ex-Dividend date is June 11, 2012, Record date is June 13, 2012 and the dividend payout date is July 13, 2012. The stock has 8.27% price performance for the year 2012.

  2. TICC CAPITAL CORP (TICC): TICC Capital Corp., a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. TICC Capital has a market cap of $355.6M. TICC Capital is currently trading around $9.42 with a 52 week range of $7.07 to $10.65. The dividend amount is 27 cents per share which is 11.47% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 29, 2012. The stock has 8.9% price performance for the year 2012.

  3. BLACKROCK KELSO CAPITAL CORP (BKCC): BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. BlackRock Kelso Capital has a market cap of $687.0M. BlackRock Kelso Capital is currently trading around $9.34 with a 52 week range of $6.30 to $10.34. The dividend amount is 26 cents per share which is 11.14% dividend yield. The Ex-Dividend date is Jun 15, 2012, Record date is June 19, 2012 and the dividend payout date is July 03, 2012. The stock has 14.46% price performance for the year 2012.

  4. SOLAR CAPITAL LTD (SLRC): Solar Capital Ltd. is a business development company specializing in investments in leveraged companies, including middle market companies. Solar Capital has a market cap of $786.3M. Solar Capital is currently trading around $21.48 with a 52 week range of $18.90 to $25.48. The dividend amount is 60 cents per share which is 11.17% dividend yield. The Ex-Dividend date is June 15, 2012, Record date is Jun 19, 2012 and the dividend payout date is July 03, 2012. The stock has -2.76% price performance for the year 2012.

  5. SHIP FINANCE INTERNATIONAL LTD (SFL): Ship Finance International Limited, through its subsidiaries, engages in the ownership and operation of vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, the United States, Singapore, the United Kingdom, and the Marshall Islands. Ship Finance has a market cap of $1.20B. Ship Finance is currently trading around $15.18 with a 52 week range of $8.62 to $19.07. The dividend amount is 39 cents per share which is 10.28% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 28, 2012. The stock has 62.53% price performance for the year 2012.

  6. TRIANGLE CAPITAL CORP (TCAP): Triangle Capital Corporation is a business development company specializing in private equity and venture capital investments. Triangle Capital has a market cap of $544.7M. Triangle Capital is currently trading around $19.98 with a 52 week range of $13.62 to $20.44. The dividend amount is 50 cents per share which is 10.01% dividend yield. The Ex-Dividend date is June 11, 2012, Record date is June 13, 2012 and the dividend payout date is June 27, 2012. The stock has 4.5% price performance for the year 2012.

  7. TCP CAPITAL CORP (TCPC): TCP Capital Corp. is a business development company specializing in investments in debt of public and private middle market companies. TCP Capital has a market cap of $311.40M. TCP Capital is currently trading around $13.80 with a 52 week range of $13.07 to $14.76. The dividend amount is 34 cents per share which is 9.86% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 29, 2012. The stock has -6.12% price performance for the year 2012.

  8. NTELOS HOLDINGS CORP (NTLS): NTELOS Holdings Corp., through its subsidiaries, provides wireless communications services to consumers and businesses primarily in Virginia and West Virginia, as well as parts of Maryland, North Carolina, Pennsylvania, Ohio, and Kentucky. NTELOS Holdings has a market cap of $405.69M. NTELOS Holdings is currently trading around $18.77 with a 52 week range of $18.41 to $28.87. The dividend amount is 42 cents per share which is 8.95% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is July 11, 2012. The stock has -7.9% price performance for the year 2012.

  9. GOLUB CAPITAL BDC INC (GBDC): Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. Golub Capital has a market cap of $369.46M. Golub Capital is currently trading around $14.41 with a 52 week range of $14.00 to $16.00. The dividend amount is 32 cents per share which is 8.88% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 29, 2012. The stock has -7.03% price performance for the year 2012.

  10. ONEBEACON INSURANCE GROUP LTD (OB): OneBeacon Insurance Group, Ltd., through its subsidiaries, operates as a specialty property and casualty insurance company in the United States. OneBeacon Insurance Group has a market cap of $1.23B. OneBeacon Insurance Group is currently trading around $12.94 with a 52 week range of $12.00 to $17.17. The dividend amount is 21 cents per share which is 6.49% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 28, 2012. The stock has -15.92% price performance for the year 2012.

Sources: Some of the data is sourced from Google Finance, Yahoo Finance and Fidelity.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to the investors to make the correct decision after necessary research.

I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Source: 10 Small Caps Yielding 6%+ Going Ex-Dividend The Second Week Of June