12 Industrial Strength Dividend Stocks With Annual Dividend Growth
Published Thu, 14 Jul 2011 on iStockAnalyst

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 above, this is not a sector I am in a position to buy often, but when the time is right, I plan on taking full advantage of the opportunity. This week week, I screened my dividend growth stocks database for Industrials with a yield at or above 2.4% and have increased their dividends for at least 7 consecutive years. The results are presented below: PPG Industries, Inc. (PPG) Yield: 2.4% | Years of Dividend Growth: 38 PPG is a leading manufacturer of coatings and resins, flat and fiber glass, and industrial and specialty chemicals. Emerson Electric Co. (EMR) Yield: 2.4% | Years of Dividend Growth: 55 Emerson Electric Co. designs and supplies product technology, and delivers engineering services and solutions to a wide range of industrial, commercial, and consumer markets around the world. General Dynamics (GD) Yield: 2.5% | Years of Dividend Growth: 20 General Dynamics is the world's fifth largest military contractor and also one of the world's biggest makers of corporate jets. Automatic Data Processing Inc. (ADP) Yield: 2.6% | Years of Dividend Growth: 35 Automatic Data Processing Inc.12... Read more