A favourable economic condition has been a large driver of growth for companies in the materials industry. Thus, there is ample opportunity to take advantage of improving economic conditions which has led to strong demand for commodities. These materials stocks are also well-positioned to take advantage of rising commodity prices while offering an attractive dividend yield. Today I will share with you my list of high-dividend materials stocks you should consider for your portfolio.
Westlake Chemical Partners LP (NYSE:WLKP)
WLKP has a juicy dividend yield of 6.88% and pays 72.74% of it’s earnings as dividends , with analysts expecting the payout ratio in three years to be 88.31%. WLKP is among the markets top 25% of dividend payers, which is certainly enticing for interested investors. More on Westlake Chemical Partners here.
P. H. Glatfelter Company (NYSE:GLT)
GLT has a sizeable dividend yield of 3.01% with a generous payout ratio . GLT’s dividends have increased in the last 10 years, with DPS increasing from US$0.36 to US$0.52. It should comfort existing and potential future shareholders to know that GLT hasn’t missed a payment during this time. P. H. Glatfelter 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 P. H. Glatfelter here.
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)
SCHN has a decent dividend yield of 2.50% and is distributing 22.02% of earnings as dividends , with analysts expecting the payout ratio in three years to be 25.59%. SCHN’s dividends have increased in the last 10 years, with DPS increasing from US$0.068 to US$0.75. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. The company recorded earnings growth of 153.14% in the past year, comparing favorably with the us metals and mining industry average of 48.83%. More on Schnitzer Steel Industries here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.