5 Basic Material Companies Offering Nifty Dividends

Since the last decade, basic material companies have been the outperformers of the market. Moreover, their products are vital for the industrial companies, as well as individuals. As we are experiencing some sort of recovery, I expect these companies to be outperformers for this year as well. Some of these companies offer nifty dividends. Here is a list of five large-cap basic material titans paying excellent dividends and priced with low P/E ratios. All of the companies pay a minimum 3% dividend yield (data derived from Finviz/Morningstar, and is current as of July 17 close): ConocoPhillips (CPO) : COP is to split up its operations in two, which is expected to happen in the Q1 or Q2 of 2012. The oil company, as of July 17, has a $108.02 billion market cap with a P/E of 9.20, and a forward P/E of 8.62. Estimated EPS growth for the next five years... Read more