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. This impacts cash flows which in turn determines the level of dividend payout. During times of growth, these industrial names could provide a strong boost to your portfolio income. If you’re a long term investor, these high-dividend industrials stocks can boost your monthly portfolio income.

E. Bon Holdings Limited (SEHK:599)

599 has a large dividend yield of 6.78% and has a payout ratio of 57.23% . Despite there being some hiccups, dividends per share have increased during the past 10 years. E. Bon Holdings is also reasonably priced, with a PE ratio of 9.6 that compares favorably with the HK Trade Distributors average of 13.8. More detail on E. Bon Holdings here.

Good Friend International Holdings Inc. (SEHK:2398)

2398 has an appealing dividend yield of 7.91% and pays 67.52% of it’s earnings as dividends . Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from CN¥0.14 to CN¥0.15. It should comfort potential investors that the company isn’t expensive when we look at its PE ratio compared to the HK Machinery industry. Good Friend International Holdings’s PE ratio is 9.3 while its industry average is 15.4. Dig deeper into Good Friend International Holdings here.

Chinney Alliance Group Limited (SEHK:385)

385 has a substantial dividend yield of 4.23% and the company currently pays out 20.19% of its profits as dividends . 385’s last dividend payment was HK$0.06, up from it’s payment 10 years ago of HK$0.015. It should comfort existing and potential future shareholders to know that 385 hasn’t missed a payment during this time. It should comfort potential investors that the company isn’t expensive when we look at its PE ratio compared to the HK Construction industry. Chinney Alliance Group’s PE ratio is 4.8 while its industry average is 14.1. Interested in Chinney Alliance Group? Find out more 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.