Yahoo Finance May Materials Dividend Stocks To Look Out For
The materials industry is deeply cyclical with producers benefiting highly during an economic boom and many players going bankrupt in a bust. Therefore, this industry is a macroeconomic play with the opportunity of riding the wave in times of robust demand for commodities. 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.
Brickworks Limited (ASX:BKW)
BKW has a wholesome dividend yield of 3.31% and pays 43.28% of it’s earnings as dividends , with analysts expecting the payout in three years to be 49.06%. In the case of BKW, they have increased their dividend per share from AU$0.39 to AU$0.52 so in the past 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Brickworks’s earnings per share growth of 70.11% outpaced the au basic materials industry’s 16.23% average growth rate over the last year. Interested in Brickworks? Find out more here.
CSR Limited (ASX:CSR)
CSR has an alluring dividend yield of 5.19% and is currently distributing 71.95% of profits to shareholders , with the expected payout in three years being 72.19%. CSR’s dividend is not only above the low risk savings rate, but also amongst the top dividend payers in the market. More on CSR here.
Mineral Resources Limited (ASX:MIN)
MIN has a decent dividend yield of 3.22% and distributes 48.35% of its earnings to shareholders as dividends . Despite there being some hiccups, dividends per share have increased during the past 10 years. Analysts are optimistic on the company’s earnings in the next 12 months, estimating a 63.65% increase in EPS. Dig deeper into Mineral Resources 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.
