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. Commodity prices are also a key determinant of these companies’ earnings, which in turn drives dividend payout and yield. As a long term investor, I favour these materials stocks with great dividend payments that continues to add value to my portfolio.
Hawkins, Inc. (NASDAQ:HWKN)
HWKN has a solid dividend yield of 2.77% and is distributing 28.11% of earnings as dividends . The company’s DPS have increased from US$0.48 to US$0.88 over the last 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Hawkins’s performance over the last 12 months beat the us chemicals industry, with the company reporting 39.79% EPS growth compared to its industry’s figure of 20.18%. More detail on Hawkins here.
Innophos Holdings, Inc. (NASDAQ:IPHS)
IPHS has an alluring dividend yield of 4.32% and is distributing 125.25% of earnings as dividends . Over the past 10 years, IPHS has increased its dividends from US$0.68 to US$1.92. It should comfort existing and potential future shareholders to know that IPHS hasn’t missed a payment during this time. Innophos Holdings 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 Interested in Innophos Holdings? Find out more here.
Schweitzer-Mauduit International, Inc. (NYSE:SWM)
SWM has an appealing dividend yield of 4.00% and the company currently pays out 125.59% of its profits as dividends . The company’s DPS have increased from US$0.30 to US$1.72 over the last 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Analysts are expecting an impressive triple digit earnings growth over the next year. Continue research on Schweitzer-Mauduit International 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.