With the potential of recession looming, the materials sector continues to offer solid return-risk prospects for income investors. Our latest addition to the Best Materials Dividend Stocks List is a container packaging company that has grown its dividend for 40+ consecutive years. The stock’s next ex-dividend date has been declared for Tuesday, August 9, and its next payout is $0.49 a share.
The consumer packaging industry has long been a critical component of global supply chains, helping to deliver essential needs to end markets. The COVID-19 pandemic resulted in a sharp rise in demand for consumer packaging products as more consumers stocked their shelves with grocery purchases. Although demand for industrial packaging tends to vary with GDP and broader industrial activity, this sector has begun to ramp up again as nations ease lockdown restrictions.
Our latest pick is a leading manufacturer of consumer packaging, protective packaging and industrial products, giving it broad exposure to the global economy.
To make room for the consumer packaging company, we had to remove a chemicals refining company from the list this week.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
