New stock #1: a respected specialist with a 7% dividend yield

After a period of stability in my model dividend portfolio, I've decided to make two changes at the end of September – the maximum I allow myself under my quarterly trading policy.

I discussed the reasons for this in my September portfolio review, which subscribers can read here.

In this article, I'm going to introduce one of the new stocks I've decided to add to the portfolio.

The company in question is a small cap stock listed on London's Main Market that is an established expert in its niche.

While growth hasn't always been consistent, founder ownership and strong cash generation have always underpinned attractive dividends. The stock currently offers a 7% yield.

To find out why I think this could be a good time to add this stock to my portfolio, read on.