3 Dividend Plays From The Rubber And Plastics Industry

Dividend stocks should be a part of everyone’s long-term stock portfolio. Let’s take a look at the rubber and plastics industry. Stocks from the industry have a total market capitalization of $12 billion and offer an average dividend yield of 1.0 percent. The average price to earnings ratio amounts to 32.3 and price to book ratio is 5.8. I screened the industry for stocks with a positive dividend yield as well as a positive net income. Only 3 of 5 stocks fulfilled these criteria. Here are the results: 1. Cooper Tire & Rubber (CTB) has a market capitalization of $888.75 million. The company employs 12,898 people, generates revenues of $3,360.98 million and has a net income of $139.77 million. The firm’s earnings before interest, taxes, depreciation and amortization ((EBITDA)) amounts to $313.25 million. Because of these figures, the EBITDA margin is 9.32 percent (operating margin 4.76 percent and the net... Read more