Although the industrial sector is generally characterized by a wide variety of markets with companies spanning the quality spectrum, most names suffer relatively high cyclicality. Hence, considering economic volatility is of paramount importance when thinking about an industrials company’s 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 buy-and-hold investor, these healthy dividend stocks in the industrials industry can generously contribute to your monthly portfolio income.
TAT Technologies Ltd. (NASDAQ:TATT)
TATT has a good dividend yield of 3.35% and pays out 70.37% of its profit as dividends . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. TAT Technologies’s earnings per share growth of 194.89% over the past 12 months outpaced the us aerospace & defense industry’s average growth rate of 12.42%. More detail on TAT Technologies here.
China Yuchai International Limited (NYSE:CYD)
CYD has a wholesome dividend yield of 3.55% and is distributing 32.97% of earnings as dividends , and analysts are expecting a 39.91% payout ratio in the next three years. Despite there being some hiccups, dividends per share have increased during the past 10 years. Continue research on China Yuchai International here.
Aircastle Limited (NYSE:AYR)
AYR has an appealing dividend yield of 4.91% and pays out 51.03% of its profit as dividends . The company’s 4.91% dividend is both above the low risk savings rate and among the markets top payers. Dig deeper into Aircastle 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.