With the economy moving forward and supply chains starting to replenish, the firms that produce the basis of modern living are riding high. Boring materials stocks are now growing like weeds. Our latest Best Material Dividend Stocks List pick is one of the best in the sector.
Our pick is a chemicals giant, which has left its former parent in the dust. The win for our selection has been its focus on advanced materials. Advanced additives, specialty chemicals, and fibers come with bigger margins than standard commodity chemicals. With that, our pick has been able to feast on rising prices and better margins during the current environment.
With continued expansion into these advanced polymers and plastics, our pick has the potential to profit more as demand for these materials has only skyrocketed. For investors that should help support additional dividend increases. With over a decade of raises behind it, investors should watch for the stock when it goes ex-dividend next on Tuesday, June 14.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
