Industrial names generally suffer from deep cyclicality which can affect companies operating in areas ranging from machinery to aerospace to construction. As such, the position a company has relative to the economic cycle drives its level of profitability. Cash flow availability also drives dividend payout, so in times of growth, these companies could provide hefty dividend income for your portfolio. If you’re a long term investor, these high-dividend industrials stocks can boost your monthly portfolio income.
PFB Corporation (TSX:PFB)
PFB has a sizeable dividend yield of 3.37% and their payout ratio stands at 86.02% . The company also looks promising for it’s future growth, with analysts expecting an impressive doubling of earnings per share over the next year. Continue research on PFB here.
Rocky Mountain Dealerships Inc. (TSX:RME)
RME has a good-sized dividend yield of 3.49% and distributes 45.92% of its earnings to shareholders as dividends . Continue research on Rocky Mountain Dealerships here.
Russel Metals Inc. (TSX:RUS)
RUS has a enticing dividend yield of 4.80% and their payout ratio stands at 76.00% . RUS’s 4.80% yield puts it in the top quartile of CA payers. More on Russel Metals 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.
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.