Industrial names generally suffer from deep cyclicality which can affect companies operating in areas ranging from machinery to aerospace to construction. Hence, considering economic volatility is of paramount importance when thinking about an industrials company’s profitability. Availability of cash flows also determines the level of dividend payout. In times of growth, these industrial companies could provide opportune income through dividend. Today I will share with you my list of high-dividend industrials stocks you should consider for your portfolio.
Chicago Rivet & Machine Co. (AMEX:CVR)
CVR has a good-sized dividend yield of 3.64% and is currently distributing 43.87% of profits to shareholders . Chicago Rivet & Machine is also reasonably priced, with a PE ratio of 17.3 that compares favorably with the US Machinery average of 24.7. More detail on Chicago Rivet & Machine here.
Burnham Holdings, Inc. (OTCPK:BURC.A)
BURC.A has a enticing dividend yield of 5.50% and pays 98.90% of it’s earnings as dividends . It should comfort potential investors that the company isn’t expensive when we look at its PE ratio compared to the US Building industry. Burnham Holdings’s PE ratio is 18 while its industry average is 23.6. Continue research on Burnham Holdings here.
Insteel Industries, Inc. (NASDAQ:IIIN)
IIIN has a nice dividend yield of 3.60% and their payout ratio stands at 8.72% . Analyst estimates for Insteel Industries’s future earnings are certainly promising, predicting a triple digit earnings growth over the next three years. Dig deeper into Insteel Industries here.For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.