A favourable economic condition has been a large driver of growth for companies in the materials industry. 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. As a long term investor, I favour these materials stocks with great dividend payments that continues to add value to my portfolio.
Schweitzer-Mauduit International, Inc. (NYSE:SWM)
SWM has an appealing dividend yield of 4.40% and the company has a payout ratio of 151.14% . SWM has increased its dividend from US$0.30 to US$1.72 over the past 10 years. It should comfort existing and potential future shareholders to know that SWM hasn’t missed a payment during this time. Schweitzer-Mauduit International could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months More detail on Schweitzer-Mauduit International here.
Kaiser Aluminum Corporation (NASDAQ:KALU)
KALU has a sizeable dividend yield of 2.08% and the company has a payout ratio of 76.74% . KALU’s dividends have increased in the last 10 years, with DPS increasing from US$0.72 to US$2.20. Much to the delight of shareholders, the company has not missed a payment during this time. Kaiser Aluminum could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months More detail on Kaiser Aluminum here.
Compass Minerals International, Inc. (NYSE:CMP)
CMP has an alluring dividend yield of 4.64% with a large payout ratio . In the case of CMP, they have increased their dividend per share from US$1.34 to US$2.88 so in the past 10 years. They have been dependable too, not missing a single payment in this time. The company also looks promising for it’s future growth, with analysts expecting an impressive doubling of earnings per share over the next year. Dig deeper into Compass Minerals International here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.