3 Small Cap Dividend Stocks That Pay

1. American Ecology (ECOL) - I have bought shares of this small cap waste management company in the past for its growth potential but now American Ecology has become a value play. American Ecology has excellent growth prospects over the next five years with a projected 20% growth rate and the company has very little debt. The stock now sports a dividend yield of 4.82%. You can get paid a healthy dividend while waiting for the stock to rise.

2. Brookfield Infrastructure Partners (BIP)-Brookfield Infrastructure Partnership is a limited partnership that was spun off from Brookfield Asset Management in 2008. BIP owns and operates all of the infrastructure assets for Brookfield Asset Management including electricity transmission systems, timberlands and social infrastructure. Brookfield shares are selling for $16.63 and the stock is currently yielding 6.6%.

3. American Software, Inc. (AMSWA)- American Software is a small $100 million dollar company that develops application software that delivers enterprise management solutions. American Software has been profitable for 35 consecutive quarters and the company has no debt. The company is buying back shares which should only help the long term value of the stock. American Software is currently yielding 6.1%.