The modern world runs on modern chemistry. It takes a bunch of advanced products and chemicals to operate in the world we live in. For those firms that provide these advanced polymers and products, the continued global demand for specialty chemicals provides plenty of profitable avenues for companies operating in this space. The latest pick for our Best Material Dividend Stocks List is a prime example of this.
Our pick is a global chemical and refining giant with plenty of olefins, polyolefins, propylene oxide, and polymer production capacity. From advanced renewable energy needs to plastic drinking straws, our pick makes its all.
Thanks to its niche of specialty and plastics manufacturers, our pick has continued to see its cash flows grow, and it’s been able to share these cash flows with investors steadily over the years. The firm features a hefty buyback program and has raised its dividend for more than 10 years straight.
With a top 4.5% yield and profits growing thanks to the rebounding global economy, this material sector firm is a top pick for investors’ portfolios.
In order to make room for this chemical giant, we had to remove a fertilizer company.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
