Yahoo Finance Great Materials Dividend Stocks For Every Portfolio
The materials industry is deeply cyclical with producers benefiting highly during an economic boom and many players going bankrupt in a bust. Hence an eye toward macroeconomic factors, such as demand for commodities, is necessary when investing in the materials sector. Commodity prices are also a key determinant of these companies’ earnings, which in turn drives dividend payout and yield. I’ve identify the following materials stocks paying high income, which may increase the value of your portfolio.
Essentra plc (LSE:ESNT)
ESNT has a juicy dividend yield of 4.31% with a large payout ratio . ESNT’s last dividend payment was UK£0.21, up from it’s payment 10 years ago of UK£0.076. The company has been a dependable payer too, not missing a payment in this 10 year period. Analysts are expecting an impressive triple digit earnings growth over the next three years. More on Essentra here.
Ferrexpo Plc (LSE:FXPO)
FXPO has a great dividend yield of 5.05% and pays out 9.84% of its profit as dividends , with the expected payout in three years being 29.04%. Despite there being some hiccups, dividends per share have increased during the past 10 years. Ferrexpo’s earnings per share growth of 109.73% over the past 12 months outpaced the gb metals and mining industry’s average growth rate of 31.29%. Continue research on Ferrexpo here.
Elementis plc (LSE:ELM)
ELM has a good-sized dividend yield of 2.04% and their current payout ratio is 36.17% , with the expected payout in three years hitting 44.54%. While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Dig deeper into Elementis here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
