Business
3 small caps ASX dividend shares offering big income
Some smaller ASX dividend shares also have high dividend yields, not just the big blue chips.
Businesses that are smaller may have the ability to generate decent capital and profit growth, as well as paying high dividend payouts.
These three ASX dividend shares are small but have higher yields:
Propel Funeral Partners Ltd (ASX: PFP)
For FY21, Propel Funeral Partners has a grossed-up dividend yield of 5.5% according to Commsec.
Propel is the second largest funeral operator in Australia and New Zealand. The company is aiming to benefit from the ageing population demographics to generate long-term organic growth. It has also been making acquisitions to capture more market share.
The business managed to generate earnings growth in the…
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