Thanks to supply chain issues and rising demand, it’s a boom time for makers of basic materials and natural resources. And our latest Best Basic Materials Dividend list pick has been able to feast on its unique position within the chemicals sector, which has provided dividends for more than 10 years. Investors can take advantage of its 3% yield when it goes ex-dividend on Wednesday, September 14, 2022, with a regular payout of $0.76/share.
The win for our selection has been its focus on advanced materials. Advanced additives, specialty chemicals and fibers come with bigger margins than standard commodity chemicals. With that, our pick has been able to feast on rising prices and better margins during the current environment.
With continued expansion into these advanced polymers and plastics, our pick has the potential to profit more as demand for these materials has only skyrocketed, boosting its cash flow and dividend strength.
And now with the economy heating up and demand rising, our pick has plenty of potential to keep the growth going.
To rebalance this list, we increased our exposure to the chemical producer along with a packaging firm and a lithium producer. At the same time, we have been forced to remove a plastic packaging specialist from the list.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
