A favourable economic condition has been a large driver of growth for companies in the materials industry. Hence an eye toward macroeconomic factors, such as demand for commodities, is necessary when investing in the materials sector. Another key driver of a materials company’s profit is the commodity prices which in turn steers the level of dividend payouts and yield. Here are my top dividend stocks in the materials industry that could be valuable additions to your current holdings.

Hop Fung Group Holdings Limited (SEHK:2320)

2320 has an alluring dividend yield of 6.02% and is paying out 8.68% of profits as dividends . While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from HK$0.063 to HK$0.08. The company recorded earnings growth of 80.28% in the past year, comparing favorably with the hk packaging industry average of 78.87%. Interested in Hop Fung Group Holdings? Find out more here.

Asia Cement (China) Holdings Corporation (SEHK:743)

743 has a juicy dividend yield of 5.55% and has a payout ratio of 40.32% . Besides capital gain prospects, just the yield is higher than the low risk savings rate – enticing for investors with goals of beating their bank accounts. Plus, a 5.55% yield places it amidst the market’s top dividend payers. Analysts are optimistic on the company’s earnings in the next 12 months, estimating a 36.40% increase in EPS. Continue research on Asia Cement (China) Holdings here.

Maanshan Iron & Steel Company Limited (SEHK:323)

323 has a juicy dividend yield of 6.08% and is distributing 30.77% of earnings as dividends . Despite some volatility in the yield, DPS has risen in the last 10 years from CN¥0.14 to CN¥0.20. More detail on Maanshan Iron & Steel 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.