New Delhi, July 22 -- Dividend paying small-cap stocks: Small-cap stocks are quite popular among retail investors, as the right bet can help them earn multibagger gains and mostly for the low price. But what if these small-cap stocks could also offer additional income in the form of dividends?

According to a study by Axis Securities, 15 small-cap stocks have given dividends of up to Rs.200 in the last 12 months, resulting in a dividend yield of 4-8%. Several of these small-cap stocks' dividend yields have also beaten the returns provided by various government schemes and bank fixed deposits (FDs).

Dividend yield, a key metric tracked by many income-focused investors, helps investors assess the income they can expect from holding the sto...