Top Industrial Dividend Yielding Stocks To Profit From
Companies in the industrials sector operate in areas ranging from aerospace and defence to building products and construction. Most industrial names such as PFB and Rocky Mountain Dealerships suffer from relatively high cyclicality. Therefore, where we are in the economic cycle determines these companies’ level of 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. 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 solid dividend yield of 3.88% and pays out 85.39% of its profit as dividends . The company’s dividends per share have risen from CA$0.24 to CA$0.32 over the last 10 years. Much to the delight of shareholders, the company has not missed a payment during this time. PFB 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 Dig deeper into PFB here.
Rocky Mountain Dealerships Inc. (TSX:RME)
RME has a decent dividend yield of 3.72% and distributes 39.00% of its earnings to shareholders as dividends . The company’s dividends per share have risen from CA$0.18 to CA$0.46 over the last 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Continue research on Rocky Mountain Dealerships here.
Russel Metals Inc. (TSX:RUS)
RUS has a substantial dividend yield of 5.32% and pays out 75.86% of its profit as dividends . RUS’s dividend alone will put you better off than your bank interest, but the company’s yield isn’t only higher than the low risk savings rate. It’s also amongst the market’s top dividend payers. More on Russel Metals here.
For more solid dividend paying companies to add to your portfolio, explore this 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.
