3 small cap ASX dividend shares to buy

Blue chips aren’t the only businesses to pay dividends. Small cap ASX dividend shares could also be worth considering for income.

Here are three different smaller businesses to look at:

Nick Scali currently has a trailing grossed-up dividend yield of 7.1%.

Fund Manager Matt Williams from Airlie Funds thinks Nick Scali is going to benefit from a lower unemployment rate and consumers could continue to benefit from the government stimulus.

The small cap ASX dividend share has a market capitalisation of around $772 million according to the ASX. It has been steadily increasing its dividend over the past several years. 

In FY20 it grew the final dividend by 12.5%, meaning the total FY20 dividend grew by 5.6% to 47.5 cents.

The…