3 secret ASX dividend shares with large yields

There are some ASX dividend shares that have small market capitalisations but large dividend yields.

These are businesses that are already paying shareholders some of the profit each year, but they are earlier on in their expansion plans.

Here are those small dividend-paying businesses:

Propel Funeral Partners Ltd (ASX: PFP)

Propel has a trailing grossed-up dividend yield of 4.8%. According to the ASX, it has a market capitalisation of $295 million.

It’s the second largest funeral operator in Australia and New Zealand. Propel’s core business is regional funeral businesses, though it’s also looking to expand into metropolitan areas as well. For example, it recently acquired the Dils Group which operates primarily on the North…