Top U.S. Materials Dividend Stocks

Top U.S. Materials Dividend Stocks

UPDATED Jun 27, 2022

What are the best U.S. Materials Dividend Stocks?

According to our Simply Wall St analysis these are the best U.S. Materials dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.

Our criteria to find Top Dividend Companies

High Yield

  • Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
  • Yields vary between markets, so we focus on the top dividend payers in each market.

What do we look for?

  • Is the yield in the top 25% of the market's dividend payers.

Consistent Dividends

  • Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
  • If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.

What do we look for?

  • Has the dividend been stable over the last 10 years.
  • Has the dividend grown over the last 10 years.

Dividend Cover

  • Ideally the company doesn't pay out all of its earnings, neglecting future growth.
  • If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.

What do we look for?

  • Are dividends covered by earnings.
  • Are dividends forecast to be covered by earnings in the future.

Healthy Balance Sheet

  • Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

2 companies meet this criteria in the U.S. market

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: MYE's dividend (2.36%) is low compared to the top 25% of dividend payers in the US market (4.23%).

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Rewards

  • Trading at 65.4% below our estimate of its fair value

  • Earnings are forecast to grow 25.44% per year

  • Earnings grew by 59.3% over the past year

Risks

No risks detected for MYE from our risks checks.

View all Risks and Rewards

Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: HAYN's dividend (2.63%) is low compared to the top 25% of dividend payers in the US market (4.23%).

  • Future Dividend Coverage

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Rewards

  • Earnings are forecast to grow 64.85% per year

  • Became profitable this year

Risks

  • High level of non-cash earnings

View all Risks and Rewards
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