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. Below is my list of huge dividend-paying stocks in the industrials industry that continues to add value to my portfolio holdings.

MaxiTRANS Industries Limited (ASX:MXI)

MXI has a great dividend yield of 6.48% and is distributing 52.56% of earnings as dividends , with the expected payout in three years being 59.73%. MXI’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. The company recorded earnings growth of 101.39% in the past year, comparing favorably with the au machinery industry average of 75.50%. Dig deeper into MaxiTRANS Industries here.

Lycopodium Limited (ASX:LYL)

LYL has a juicy dividend yield of 5.46% and the company currently pays out 68.42% of its profits as dividends . Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from AU$0.17 to AU$0.24. Lycopodium’s earnings per share growth of 55.37% outpaced the au construction industry’s 18.04% average growth rate over the last year. More on Lycopodium here.

CIMIC Group Limited (ASX:CIM)

CIM has a nice dividend yield of 3.13% and their current payout ratio is 61.36% , with analysts expecting this ratio in three years to be 63.69%. Despite some volatility in the yield, DPS has risen in the last 10 years from AU$1.25 to AU$1.35. Continue research on CIMIC 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.