absolutezero wrote:I've been having a look at some smaller cap shares. (Yes. I know. Es ist verboten.)
Nein ist es nicht. Call your portfolio or thread a PHYS (Portfolio of High Yield Shares) instead. Do what suits you, just don't misappropriate the hallowed HYP acronym lest The Heavies come after you ...
As for small caps, I've recently purchased a tranche of (AIM listed) Gateley Plc (GTLY). This was, I think, one of the first big LLP law firms to reincorporate as a PLC about five years ago. It has cancelled its interim dividend however I put it on a nominal yield of 6.3% based on the dividend reported (8.0p) in its last annual report. Again a few evenings with Mr Oakley's book and its financial statements have persuaded me it is an efficient, high margin, low debt, cash generative business that can cover that dividend. One for the future. Look out for it's next RNS which is expected this month I think.