Great Materials Dividend Stocks For Every Portfolio
The oil price recovery and strong economic momentum have benefited the materials sector with companies involved in steel, chemicals and mining. Therefore, this industry is a macroeconomic play with the opportunity of riding the wave in times of robust demand for commodities. These materials stocks are also well-positioned to take advantage of rising commodity prices while offering an attractive dividend yield. Below is my list of huge dividend-paying stocks in the materials industry that continues to add value to my portfolio holdings.
CSR Limited (ASX:CSR)
CSR has a large dividend yield of 5.99% and has a payout ratio of 73.26% , with analysts expecting the payout in three years to be 73.28%. CSR’s 5.99% yield puts it in the top quartile of AU payers. CSR’s earnings growth over the past 12 months has exceeded the au construction materials industry, with the company reporting an EPS growth of 1.62% while the industry totaled -10.18%.
Brickworks Limited (ASX:BKW)
BKW has a good dividend yield of 3.71% and is distributing 40.82% of earnings as dividends , with analysts expecting this ratio in three years to be 56.36%. The company’s dividends per share have risen from $0.38 to $0.51 over the last 10 years. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Brickworks’s earnings growth over the past 12 months has exceeded the au construction materials industry, with the company reporting an EPS growth of 138.15% while the industry totaled -10.18%.
Mount Gibson Iron Limited (ASX:MGX)
MGX has a sumptuous dividend yield of 4.94% and their payout ratio stands at 85.30% . MGX is among the markets top 25% of dividend payers, which is certainly enticing for interested investors. Analyst estimates for Mount Gibson Iron’s future earnings are certainly promising, predicting a triple digit earnings growth over the next three years.
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.
