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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 (September 17 to September 21). 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 2%

  • Ex-Dividend Date: Between September 17, 2012 and September 21, 2012

The following chart shows the dividend summary for these small-cap companies:

Click to enlarge

1. BlackRock Kelso Capital Corporation (NASDAQ:BKCC): BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. The firm invests in all industries. BlackRock Kelso Capital has a market cap of $744.3 million and is currently trading around $10.12, with a 52-week range of $6.30 to $10.34. The dividend amount is 26 cents per share, which is 10.3% dividend yield. The Ex-Dividend date is September 17, 2012, Record date is September 19, 2012, and the dividend payout date is October 03, 2012. The stock has 23.77% returns for the year 2012.

2. Solar Capital Ltd (NASDAQ:SLRC): Solar Capital Ltd is a business development company specializing in investments in leveraged middle market companies. Solar Capital Ltd has a market cap of $859.9 million and is currently trading around $23.47, with a 52-week range of $18.90 to $23.89. The dividend amount is 60 cents per share, which is 10.23% dividend yield. The Ex-Dividend date is September 18, 2012, Record date is September 20, 2012, and the dividend payout date is October 02, 2012. The stock has 6.25% returns for the year 2012.

3. PennantPark Investment Corporation (NASDAQ:PNNT): PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. PennantPark Investment Corp has a market cap of $619.4 million and is currently trading around $10.96, with a 52-week range of $8.01 to $11.36. The dividend amount is 28 cents per share, which is 10.22% dividend yield. The Ex-Dividend date is September 18, 2012, Record date is September 20, 2012, and the dividend payout date is October 01, 2012. The stock has 8.62% returns for the year 2012.

4. Vector Group Ltd (NYSE:VGR): Vector Group Ltd engages in the manufacture and sale of cigarettes in the United States. Vector Group has a market cap of $1.4 billion and is currently trading around $17.36, with a 52-week range of $16.40 to $18.59. The dividend amount is 40 cents per share, which is 9.22% dividend yield. The Ex-Dividend date is September 19, 2012, Record date is September 21, 2012, and the dividend payout date is September 28, 2012. The stock has -2.25% returns for the year 2012.

5. Ituran Location And Control Ltd (NASDAQ:ITRN): Ituran Location and Control Ltd provides location-based services and wireless communication products in Israel, Brazil, Argentina, and the United States. Ituran Location and Control Ltd has a market cap of $266.9 million and is currently trading around $11.37, with a 52-week range of $10.59 to $15.72. The dividend amount is 24 cents per share, which is 8.44% dividend yield. The Ex-Dividend date is September 20, 2012, Record date is September 24, 2012, and the dividend payout date is October 10, 2012. The stock has -16.76% returns for the year 2012.

6. UIL Holdings Corporation (NYSE:UIL): UIL Holdings Corporation operates in the regulated utility businesses. It is involved in the purchase, transmission, distribution, and sale of electricity for residential, commercial, and industrial purposes in the southwestern part of the State of Connecticut. UIL Holdings has a market cap of $1.8 billion and is currently trading around $36.13, with a 52-week range of $30.56 to $37.66. The dividend amount is 43.2 cents per share which is 4.78% dividend yield. The Ex-Dividend date is September 17, 2012, Record date is September 19, 2012, and the dividend payout date is October 01, 2012. The stock has 2.15% returns for the year 2012.

7. Electro Rent Corporation (NASDAQ:ELRC): Electro Rent Corporation engages in the rental, lease, and sale of new and used electronic test and measurement equipment primarily for use in the aerospace, defense, telecommunications, electronics, industrial, and semiconductor markets in the United States and internationally. Electro Rent Corp has a market cap of $425.0 million and is currently trading around $17.72, with a 52-week range of $12.64 to $19.35. The dividend amount is 20 cents per share which is 4.52% dividend yield. The Ex-Dividend date is September 18, 2012, Record date is September 20, 2012 and the dividend payout date is October 10, 2012. The stock has 3.27% returns for the year 2012.

8. Greif Inc (NYSE:GEF): Greif Inc manufactures and sells industrial packaging products, bulk containers, and containerboard and corrugated products worldwide. Greif Inc has a market cap of $2.18 billion and is currently trading around $46.19, with a 52-week range of $38.78 to $56.88. The dividend amount is 42 cents per share, which is 3.64% dividend yield. The Ex-Dividend date is September 18, 2012, Record date is September 20, 2012, and the dividend payout date is October 01, 2012. The stock has 1.41% returns for the year 2012.

9. Republic Bancorp Inc (RBCAA): Republic Bancorp Inc provides banking services and tax refund solutions to individuals and businesses in the United States. Republic Bancorp has a market cap of $486.2 million and is currently trading around $23.24, with a 52-week range of $16.25 to $27.90. The dividend amount is 16.5 cents per share which is 2.85% dividend yield. The Ex-Dividend date is September 19, 2012, Record date is September 21, 2012, and the dividend payout date is October 19, 2012. The stock has 1.31% returns for the year 2012.

10. FXCM Inc (NYSE:FXCM): FXCM Inc provides online foreign exchange (NYSE:FX) trading and related services to retail and institutional customers worldwide. FXCM Inc has a market cap of $315.1 million and is currently trading around $9.27, with a 52-week range of $8.50 to $14.30. The dividend amount is 6 cents per share, which is 2.59% dividend yield. The Ex-Dividend date is September 17, 2012, Record date is September 19, 2012, and the dividend payout date is October 01, 2012. The stock has -4.92% returns for the year 2012.

11. G&K Services Inc (GKSR): G&K Services Inc provides branded uniform and facility services programs in the United States, Canada, Ireland, and the Dominican Republic. G&K Services Inc has a market cap of $615.4 million and is currently trading around $32.58, with a 52-week range of $24.24 to $38.65. The dividend amount is 19.5 cents per share which is 2.4% dividend yield. The Ex-Dividend date is September 18, 2012, Record date is September 20, 2012, and the dividend payout date is October 05, 2012. The stock has 11.85% returns for the year 2012.

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

Source: Small Caps With Over 2% Yields Going Ex-Dividend The Third Week Of September