5 Best Material Dividend Stocks To Buy Now

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So what are the best material dividend stocks to buy now? Keep up reading as we have brought up with a short summarize. BHP Group ranks fifth with having 20 hedge fund holders and a dividend yield of 5.61%. BHP is among the largest mining giants across the globe. The company is headquartered in Australia and is involved in producing various commodities, such as metallurgical coal, iron ore, uranium and copper. Its market cap is $196 million, and offers a dividend of 5.6%, making the company fairly attractive for investors. As of January 2021, the firm reported a 6% year-over-year growth in iron ore production for the half a year ended in December 31. According to Insider Monkey’s investigation, the number of kong hedge funds boosted in the company by the end of the last quarter of 2020. In the third quarter there were 18 hedge funds while in the end of December there were 20 funds. Fisher Asset Management is the largest stakeholder in the company with owning 7.8 million shares, at a value of $509.7 million. BHP is followed by Reliance Steel & Aluminum Co. on the fourth spot with having 27 hedge fund holders with a dividend yield of 1.97%. The company is among the best and most reliable dividend stocks, as it has paid dividend in the past consecutive 61 years without suspending. The firm operates in metals, such as carbon steel, titanium, aluminum, alloy, brass, copper, stainless steel and also provides services related to metals processing. Insider Monkey tracked that Royce & Associates is also among tho hedge fund holders with owning 477,846 shares of the company, having a total worth of $57.2 million. Vulcan Materials Company stands on the second spot with having 44 hedge fund holders with a dividend yield of 0.86%. The firm is engaged in trading crushed stone, gravel, sand and other construction materials. Vulcan Materials boosted its quarterly dividend by 8.8% on 12th February, reaching $1.07 earnings per share, which is $0.08 more than the Street predicted. In the same period, the revenue was $1.18 billion beating the Street by é20 million. Insider MOnkey tracked 44 hedge funds in the end of the fourth quarter of 2020, compared to 42 funds in the third quarter. For more information about the best material dividend stocks to buy now please click and see the entire, original article.

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