Small stocks, big yields

SOME of the high dividend yielding stocks can be found in the small capitalised (small cap) stocks universe. A good number boasted steady earnings over the past year, and have built up a reputation as generous paymasters with regular distributions to shareholders.

They are decent defensive bets in an unpredictable environment, although investors have to be prepared to stomach volatile price swings, often amplified by the lack of tradable shares in the market.