With the economy regaining steam after the pandemic, industrial demand is rising. This has boosted the fortunes of those firms that provide the base materials needed to grow the economy. Our latest Best Material Dividend Stocks List pick is one of them!
Our pick is a chemicals giant with a product portfolio spanning advanced materials, additives, specialty chemicals, and fibers. The key to our pick’s success has been its continued shift towards more advanced specialty products and plastics. Demand for these products have continued to skyrocket, while margins are fatter. This has helped make it a dividend champion and support its 2.9% yield.
With the economy growing and the need for advanced chemicals surging, our pick has plenty of potential in the near term. Watch for when the stock goes ex-dividend on Friday, June 17 (estimated date).
In order to make room for this materials pick, we had to remove a diversified materials name from our list this week.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
