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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 27 to August 31). 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 6%
  • Ex-Dividend Date: Between August 27, 2012 and August 31, 2012

1. Ellington Financial LLC (NYSE:EFC): Ellington Financial is a specialty finance company, which specializes in acquiring and managing mortgage-related assets. Ellington Financial has a market cap of $448.3M and is currently trading around $22.5 with a 52 week range of $15.76 to $24.01. The dividend amount is 70 cents per share which is 12.47% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 17, 2012. The stock has 30.8% returns for the year 2012.

2. Extendicare Inc. (EXETD.PK) : Extendicare Real Estate Investment Trust, through its wholly owned subsidiaries, offers long-term care and related services in North America. Extendicare has a market cap of $666.6M and is currently trading around $8.03 with a 52 week range of $5.82 to $8.90. The dividend amount is 7 cents per share which is 10.85% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 17, 2012. The stock has -7.15% returns for the year 2012.

3. Prospect Capital Corporation (PSEC): Prospect Capital is a business development company. Prospect Capital has a market cap of $1.8B and is currently trading around $11.42 with a 52 week range of $7.58 to $12.00. The dividend amount is 10.16 cents per share which is 10.8% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 21, 2012. The stock has 21.53% returns for the year 2012.

4. Longview Oil Corp. (TSE-LNV): Longview Oil Corp is a Canada-based oil and natural gas production, exploitation and acquisition in the Western Canadian sedimentary basin. Longview Oil Corp has a market cap of $305.38M and is currently trading around $6.52 with a 52 week range of $5.90 to $11.05. The dividend amount is 5 cents per share which is 9.48% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 17, 2012.

5. Freehold Royalties Ltd. (FRHLF.PK): Freehold Royalties engages in the development and production of crude oil and natural gas in Canada. Freehold Royalties has a market cap of $1.3B and is currently trading around $19.47 with a 52 week range of $13.66 to $21.24. The dividend amount is 14 cents per share which is 8.72% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 17, 2012. The stock has 1.67% returns for the year 2012.

6. Atlantic Power Corporation (NYSE:AT): Atlantic Power Corporation operates as a power generation and infrastructure company with a portfolio of assets in the United States and Canada. Atlantic Power has a market cap of $1.7B and is currently trading around $14.1 with a 52 week range of $12.52 to $15.50. The dividend amount is 9.583 cents per share which is 8.25% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 28, 2012. The stock has -1.54% returns for the year 2012.

7. Gamehost Inc. (OTC:GHIFF): Gamehost Inc operates as a hotel and gaming company in Alberta, Canada. Gamehost has a market cap of $255.3M and is currently trading around $11.63 with a 52 week range of $10.02 to $12.25. The dividend amount is 7.33 cents per share which is 7.6% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 14, 2012. The stock has 8.94% returns for the year 2012.

8. First Financial Bancorp (FFBC): First Financial Bancorp operates as a bank holding company for First Financial Bank, National Association that provides commercial banking, and other banking and banking-related services. First Financial Bancorp has a market cap of $951.3M and is currently trading around $16.49 with a 52 week range of $12.84 to $18.39. The dividend amount is 30 cents per share which is 7.38% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is October 01, 2012. The stock has -2.28% returns for the year 2012.

9. Leisureworld Senior Care Corp. (OTC:LWSCF): Leisureworld Senior Care Corp provides long-term care services in Ontario, Canada. Leisureworld Senior Care has a market cap of $356.5M and is currently trading around $12.21 with a 52 week range of $9.34 to $12.44. The dividend amount is 7.08 cents per share which is 7.05% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 14, 2012. The stock has 12.63% returns for the year 2012.

10. Superior Plus Corp (OTC:SUUIF): Superior Plus Corp., through its subsidiary, Superior Plus LP, engages in the distribution and retail sale of propane, refined fuels, propane consuming equipment, and related services in Canada and the United States. Superior Plus Corp has a market cap of $973.4M and is currently trading around $8.79 with a 52 week range of $5.14 to $10.67. The dividend amount is 5 cents per share which is 6.97% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 14, 2012. The stock has 54.47% returns for the year 2012.

11. Twin Butte Energy Ltd (OTCPK:TBTEF): Twin Butte Energy engages in the acquisition, exploration, development, and production of oil and natural gas in Western Canadian Sedimentary Basin. Twin Butte Energy has a market cap of $513.3M and is currently trading around $2.62 with a 52 week range of $1.31 to $2.99. The dividend amount is 1.5 cents per share which is 6.82% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 17, 2012. The stock has 25.21% returns for the year 2012.

12. Davis & Henderson Corporation (OTC:DHIFF): Davis & Henderson Corporation provides programs, technology products, and technology based business services primarily to the financial services industry in Canada. Davis & Henderson has a market cap of $1.1B and is currently trading around $19.65 with a 52 week range of $13.94 to $19.82. The dividend amount is 31 cents per share which is 6.46% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 28, 2012. The stock has 17.01% returns for the year 2012.

13. Exchange Income Corporation (OTC:EIFZF): Exchange Income Corporation operates in aviation and manufacturing businesses in Canada and the United States. Exchange Income has a market cap of $524.8M and is currently trading around $25.78 with a 52 week range of $22.00 to $25.79. The dividend amount is 13.5 cents per share which is 6.35% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is August 31, 2012 and the dividend payout date is September 14, 2012. The stock has 2.94% returns for the year 2012.

14. CTC Media Inc (NASDAQ:CTCM): CTC Media Inc operates as an independent media company. CTC Media has a market cap of $1.4B and is currently trading around $8.74 with a 52 week range of $7.15 to $16.49. The dividend amount is 13 cents per share which is 6.03% dividend yield. The Ex-Dividend date is August 29, 2012, Record date is September 01, 2012 and the dividend payout date is September 28, 2012. The stock has -1.71% returns for the year 2012.

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

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 6% Yields Going Ex-Dividend Next Week