The materials industry is deeply cyclical with producers benefiting highly during an economic boom and many players going bankrupt in a bust. Therefore, this industry is a macroeconomic play with the opportunity of riding the wave in times of robust demand for commodities. Commodity prices are also a key determinant of these companies’ earnings, which in turn drives dividend payout and yield. Below is my list of huge dividend-paying stocks in the materials industry that continues to add value to my portfolio holdings.
Greatview Aseptic Packaging Company Limited (SEHK:468)
468 has an alluring dividend yield of 4.43% and the company has a payout ratio of 81.09% . The company’s 4.43% dividend is both above the low risk savings rate and among the markets top payers. More detail on Greatview Aseptic Packaging here.
Shougang Fushan Resources Group Limited (SEHK:639)
639 has a sumptuous dividend yield of 8.38% and their payout ratio stands at 50.04% . 639’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 Shougang Fushan Resources Group here.
Fufeng Group Limited (SEHK:546)
546 has a enticing dividend yield of 4.96% and their current payout ratio is 28.73% . While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from CN¥0.0092 to CN¥0.22. Dig deeper into Fufeng Group 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.