Small cap dividend stocks can be hard to find at great valuations. Using small caps trade at a high price earnings due to their potential growth prospects. Recently, I found 3 small caps that significantly outperformed analyst's earnings estimates. These stocks also provide high dividend yields at or above 10%. All three stocks have a consensus buy or strong buy rating. Here are 3 small cap high dividend yield stocks to consider for your portfolio.
LRR Energy (LRE) is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy reported earnings of $0.54 per share, $0.24 or 66% better than the Capital IQ Consensus Estimate of $0.30. Company revenues were $40.4 million compared to the $28.5 million consensus estimate. As planned, LRR successfully completed drilling seven new wells in its largest field, Red Lake. Four of the wells produced results in current quarter, while the other three wells will be productive in the next quarter.
LRR Energy has a market cap of $388 million. The company has a dividend yield of 11.00% with a payout ratio of 34%. EPS growth is 112% this year compared to last year. The company has a P/E ratio of 8.39 compared to the industry average of 14.06. The company has an analyst rating of 2.30.
QR Energy, LP (QRE) engages in the acquisition, exploitation, development, and production of onshore crude oil and natural gas properties in the United States. QR Energy reported earnings of $2.15 per share, $1.86 or 641% better than the Capital IQ Consensus Estimate of $0.29. Average production of 14,505 BOE per day is a 7% increase from the first quarter of 2012 due to successful acquisition from Prize Petroleum of predominately oil properties in the Ark-La-Tex area on April 20.
QR Energy has a market cap of $777 million. The company has a dividend yield of 11.18% with a payout ratio of 44%. QR has increased dividends by 18% in the last year. EPS growth is 483% this year compared to last year. The company has a P/E ratio of 5.42 compared to the industry average of 14.06. The company has an analyst rating of 1.9.
TCP Capital Corp. (TCPC) is a business development company specializing in investments in debt of public and private middle market companies. TCP capital reported earnings of $0.40 per share, $0.07 or 21% better than the Starmine Smart Estimate of $0.33. As of June 30, 2012, TCP Capital's investment portfolio consisted of debt and equity positions in 44 portfolio companies with a total fair value of approximately $452.3 million. Debt positions represented approximately 84% of the portfolio fair value, 95% of which were senior secured debt. Equity positions represented approximately 16% of our investment portfolio.
TCP Capital has a market cap of $318 million. The company has a dividend yield of 9.45% following a recent dividend increase to $0.35 per share, an increase of 3%. TCP Capital has an EPS growth of 12% this year compared to last year. The company has a P/E ratio of 9.25 compared to the industry average of 17.34. The company has an analyst rating of 1.3 for a strong buy.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.