With the manufacturing economy still moving in high gear, demand continues to rise for a variety of raw materials—both advanced and basic. This is particularly true for the makers of various chemicals and additives. For our latest Best Materials Stocks List Pick, this demand is turning into an earnings bonanza.
Our pick is a global chemical and refining giant with plenty of olefins, polyolefins, propylene oxide, and polymers production capacity. From advanced renewable energy needs to plastic drinking straws, our pick makes it all.
The win is that demand for plastic—both basic and advanced—has continued to grow as we’ve moved out of the pandemic. From sterilization/one-time-need items to advanced manufacturing, our pick has continued to see revenue growth for its products.
The end result has been strong earnings and cash flow growth for our chemicals giant. Investors should keep an eye on the stock when it goes ex-dividend on Thursday, June 16 (estimated date).
You can check out the Best Materials Dividend Stocks List to explore all the stocks.
