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There are many different strategies to trade, and one of them is to look for dividend stocks. Investors like dividend stocks as long-term investments, as these dividend payments tend to protect the stock price from the market volatility that affects non-dividend paying stocks. However, careful analysis of dividend stocks and choosing the right dividend stocks at the right time is critical for investors.

In this article, I will focus on small cap stocks with a high dividend yield and with their ex-dividend date within the next week (August 20 to August 24). These stocks are screened based on the following criteria:

  • Security Type: Common Stock
  • Market Cap: Greater than $250 million and less than $2 billion
  • Dividend Yield: Greater than or equal to 3%
  • Ex-Dividend Date: Between August 20, 2012 and August 24, 2012

1. Safe Bulkers Inc (SB): Safe Bulkers provides marine dry bulk transportation services worldwide. Safe Bulkers has a market cap of $466.0 million and is currently trading around $6.03 with a 52 week range of $5.28 to $7.73. The dividend amount is 15 cents per share, which is a 9.87% dividend yield. The Ex-Dividend date is August 22, 2012, Record date is August 24, 2012, and the dividend payout date is August 31, 2012. The stock has 1.5% returns for the year 2012.

2. Caribbean Utilities Company Ltd (OTC:CUPUF): Caribbean Utilities Company engages in the generation, transmission, and distribution of electricity in the Cayman Islands. Caribbean Utilities has a market cap of $287.3 million, and is currently trading around $10.00, with a 52 week range of $9.00 to $10.31. The dividend amount is 16.5 cents per share which is 6.6% dividend yield. The Ex-Dividend date is August 23, 2012, Record date is August 27, 2012, and the dividend payout date is September 15, 2012. The stock has 4.38% returns for the year 2012.

3. Parkland Fuel Corp (OTCPK:PKIUF): Parkland Fuel engages in marketing and distributing refined petroleum products to retail, commercial, wholesale, and home heating fuel customers in Canada. Parkland Fuel has a market cap of $1.1 billion and is currently trading around $16.03 with a 52 week range of $7.65 to $16.07. The dividend amount is 8.5 cents per share which is 6.36% dividend yield. The Ex-Dividend date is August 20, 2012, record date is August 22, 2012, and the dividend payout date is September 14, 2012. The stock has 28.73% returns for the year 2012.

4. Park National Corporation (PRK): Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Kentucky. Park National has a market cap of $1.1 billion, and is currently trading around $68.24, with a 52 week range of $49.00 to $72.75. The dividend amount is 94 cents per share, which is 5.51% dividend yield. The Ex-Dividend date is August 20, 2012, Record date is August 22, 2012 and the dividend payout date is September 07, 2012. The stock has 4.83% returns for the year 2012.

5. Strayer Education Inc (STRA): Strayer Education Inc., through its subsidiary, Strayer University, provides post-secondary education services for working adults. Strayer Education has a market cap of $868.5 million, and is currently trading around $70.70 with a 52 week range of $69.34 to $120.00. The dividend amount is 1 per share, which is 5.47% dividend yield. The Ex-Dividend date is August 23, 2012, Record date is August 27, 2012, and the dividend payout date is September 10, 2012. The stock has fallen 24.75% for the year 2012.

6. Avista Corporation (AVA): Avista Corporation is an energy company, and engages in the generation, transmission and distribution of energy and other energy-related businesses primarily in the United States and Canada. Avista has a market cap of $1.6 billion, and is currently trading around $26.45, with a 52 week range of $22.81 to $28.05. The dividend amount is 29 cents per share, which is 4.36% dividend yield. The Ex-Dividend date is August 21, 2012, Record date is August 23, 2012 and the dividend payout date is September 14, 2012. The stock has 3.34% returns for the year 2012.

7. Canaccord Financial Inc (OTCPK:CCORF): Canaccord Financial is an independent and full-service investment dealer, provides various investment products, brokerage services, and investment banking services to private, institutional and corporate clients. Canaccord Financial has a market cap of $477.4 million, and is currently trading around $4.74, with a 52 week range of $4.66 to $10.12. The dividend amount is 5 cents per share, which is 4.32% dividend yield. The Ex-Dividend date is August 22, 2012, Record date is August 24, 2012, and the dividend payout date is September 10, 2012. The stock has fallen 39.8% for the year 2012.

8. Dorel Industries Inc (OTCPK:DIIBF): Dorel Industries engages in designing, manufacturing or sourcing, marketing, and distributing various consumer products worldwide. Dorel Industries has a market cap of $814.3 million, and is currently trading around $29.98, with a 52 week range of $20.90 to $30.61. The dividend amount is 30 cents per share, which is a 4% dividend yield. The Ex-Dividend date is August 21, 2012, Record date is August 23, 2012 and the dividend payout date is September 06, 2012. The stock has 20.16% returns for the year 2012.

9. Southside Bancshares Inc (SBSI): Southside Bancshares operates as the holding company for Southside Bank that provides financial products and services to individuals, businesses, municipal entities, and non-profit organizations. Southside Bancshares has a market cap of $366.8 million, and is currently trading around $21.48, with a 52 week range of $16.95 to $23.54. The dividend amount is 20 cents per share which is 3.79% dividend yield. The Ex-Dividend date is August 21, 2012, Record date is August 23, 2012 and the dividend payout date is September 06, 2012. The stock has 2.43% returns for the year 2012.

10. American Science And Engineering Inc (ASEI): American Science and Engineering develops, manufactures, markets, and sells X-ray inspection and other detection products for homeland security, force protection, and other critical defense applications in the United States and internationally. American Science and Engineering has a market cap of $501.2 million and is currently trading around $59.57, with a 52 week range of $46.30 to $78.99. The dividend amount is 50 cents per share, which is 3.36% dividend yield. The Ex-Dividend date is August 20, 2012, Record date is August 22, 2012, and the dividend payout date is September 04, 2012. The stock has fallen 12.71% for the year 2012.

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

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

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 investors to make the correct decision after necessary research.

Source: Small Caps With Over 3% Yields Going Ex-Dividend Next Week