Companies in the industrials sector operate in areas ranging from aerospace and defence to building products and construction. Most industrial names such as ISDN Holdings and OKP Holdings suffer from relatively high cyclicality. Therefore, where we are in the economic cycle determines these companies’ level of profitability. Availability of cash flows also determines the level of dividend payout. In times of growth, these industrial companies could provide opportune income through dividend. If you’re a buy-and-hold investor, these healthy dividend stocks in the industrials industry can generously contribute to your monthly portfolio income.

ISDN Holdings Limited (SGX:I07)

I07 has a nice dividend yield of 2.73% and distributes 24.73% of its earnings to shareholders as dividends . Despite there being some hiccups, dividends per share have increased during the past 10 years. The company also looks promising for it’s future growth, with analysts expecting an earnings per share increase of 85.39% over the next three years. Dig deeper into ISDN Holdings here.

OKP Holdings Limited (SGX:5CF)

5CF has a large dividend yield of 5.80% and has a payout ratio of 16.98% . While there’s been some level of instability in the yield, 5CF has overall increased DPS over a 10 year period from S$0.013 to S$0.02. The company has a lower PE ratio than the SG Construction industry, which interested investors would be happy to see. The company’s PE is currently 8.4 while the industry is sitting higher at 12.5. More on OKP Holdings here.

Tai Sin Electric Limited (SGX:500)

500 has an alluring dividend yield of 5.95% and the company currently pays out 71.33% 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 S$0.02 to S$0.024. Tai Sin Electric seems reasonably priced when looking at its PE ratio (12). The industry average suggests that Global Electrical companies are more expensive on average 19.4. More detail on Tai Sin Electric 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.