Top 10 Basic Materials Dividend Stocks
Jim Pyke submits:These basic materials (metals, energy but excluding utilities, chemicals) stocks are well positioned to take advantage of rising commodity prices while offering an attractive dividend yield. Some names on this list may be more familiar than others. One goal was to select companies that represent a broad range of industries. Analysis The analysis was conducted by screening through stocks within in the sector and limiting the selections to stocks with a greater than 2% dividend yield. I also looked at the full universe of basic materials stocks to compile some general statistics about the sector. The initial screen showed that there were 268 stocks in the basic materials category and 144 offered a dividend yield at .1% or higher with the maximum yield at 12.9% for Great Northern Iron Ore Properties (GNI). This analysis is limited by the stock screening tool that I used and one clear issue is that the dividends are not completely current. Top stocks were manually checked for current dividends as posted by Yahoo Finance. The second challenge was that the screening tool dropped companies from the Sector screen that were later picked up in an Industry screen. Table 1: Top Dividend Yields in Basic Materials Sector Ticker Company Name Dividend Yield Market Cap ($ Millions) Return On Assets (%) GNI Great Northern Iron Ore Properties 12.9% 177 54.9 CLMT Calumet Specialty Products Partners 7.9% 801 2.9 MMLP Martin Midstream Partners 7.6% 735 2.5 BBEP BreitBurn Energy 7.4% 1,157 2.9 EVEP EV Energy Partners LP 7.0%Complete Story »
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