4 Steel And Iron Stocks With Tough-As-Nails Dividends

Steel and Iron companies are disparaged twice-over. Analysts consider these firms risky because they are part of the manufacturing sector, which has become a smaller component of US GDP. What’s more, steel and iron stocks are considered dangerous because their industry is cyclical, with revenues dependent on building and capital expenditures. Despite these qualitative reservations, there are four dividend-paying steel and iron stocks which do not qualify as dangerous, according to long term performance and credit rating: Ticker Company 10-Year Average ROE Altman Z-score* CMC Commercial Metals Company 10.8% 3.20 GNI Great Northern Iron Ore Properties 98.6% 19.98 HSC Harsco Corporation 13.2% 2.48 NUE Nucor Corporation 17.1% 3.66 All of these firms have a long-term track record of attractive returns oo equity over the last 10 reported fiscal years—through the economic downturn. Moreover, CMC, GIN, and NUE have “safe” Altman Z-scores, while HSC scores in the indeterminate “grey-zone” band of... Read more