The chemical industry has broadly outperformed the U.S. equity market over the past year. Although the industry has posted negative growth over that period, a relatively high dividend payout rate continues to make chemical manufacturers an attractive bet for investors. Our latest addition to the Best Materials Dividend Stocks List is a chemical manufacturer with a track record that goes back 140 years.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
Thanks to a combination of diverse end markets, the ability to pass on higher prices to consumers and strong financial results, our pick is a welcomed addition to this portfolio. Although our pick doesn’t deliver a substantial payout, it has demonstrated a fairly solid track record of increasing its payments over the past five years.
To make room for our pick, we had to swap out another chemicals producer whose prospects have dimmed recently.
