12 Industrial Strength Dividend Stocks With Annual Dividend Growth

The Industrials Sector consists of companies that manufacture products or provide business services. The products are often inputs or raw materials into another manufacturing process, such as steel producer. Many of these companies are often referred to as members of the “smokestack industry” and are classified as cyclical stocks. A cyclical stock is one that rises and falls in step with the economy. Timing is important when buying an industrial stock. If you buy when business is booming you will likely pay too much, which means a very low yield. Most stocks in this sector are currently overpriced. The average yield on the Industrial Sector stocks that I follow is only 2.0%, with just 7 stocks yielding over 3%. The Industrials Sector is one of the largest sectors in my dividend growth database. Of the 209 stocks that I track, it currently is represented by 44 stocks (21%). As noted... Read more