When it comes to investing, market corrections are a fact of life. During periods of economic and financial instability, investors often turn to dividend stocks with a long track record of dividend increases. While the materials sector isn’t known for having the biggest dividend payouts, it’s home to companies that thrive during periods of uncertainty. Our latest addition to the Best Materials Dividend Stocks List will pay its quarterly payable dividend of $1.17 per share to investors who take advantage of the strategy before Thursday, September 1.
Benefiting from rising prices and sales volumes for electronics, energy, and chemical end markets, our pick is well positioned to continue providing shareholder value despite current market conditions. As a basic diversified chemicals producer, our pick provides strong diversification benefits to investors seeking a steady dividend yield. Out pick’s dominant position in its industry continues to help it book higher operating profits across key global markets, including the Americas, Europe, Middle East, Africa, and the Asia-Pacific region.
With a yield of 1.64%, there are definitely more attractive dividend plays out there. However, our latest addition compensates for this low yield by offering predictability, having grown its dividend for nearly 30 consecutive years.
To make room for our latest chemical pick, we’ve been forced to offload an energy and utilities product supplier.
You can check out the Best Materials Dividend Stocks List to explore all the stocks.
