Top 10 Highest Dividend Stocks In Basic Materials

This article will look at the top 10 highest dividend stocks in basic materials sector. It will identify each of the companies on the list so you can find them for your own further research, and give a brief description of the company itself.

The basic materials sector includes a lot of mining and commodity extraction firms whose dividends can be quite high when times are good, which is great for us, but when times are bad the dividends can be cut significantly!

This is something to watch out for in your portfolio building, as these stocks are cyclical you don’t want to have too much of them as a proportion of your portfolio or it will a feast or famine income for you which is not considered to be reliable if you are wanting to live off dividend income.

So take a look at these and see which ones you want to do some extra research on.

Let’s not waste time and get straight to what you are here for – the list of the top 10 highest dividend stocks in basic materials.

(One thing to consider is that the list is in ascending dividend size order, not a rating by quality. The verdict is not necessarily a recommendation to buy for your portfolio, as you will likely have your financial situation.)

-Advertisement-

Infographics taken from Simply Wall St – Sign up to premium here.

Fresnillo plc Fresnillo plc 

(Forward Annual Dividend Yield- 3.61%)

  •       Company name- Fresnillo plc
  •       Ticker symbol- FRES.L
  •       Price – £7.12
  •       Sector-Basic Materials
  •       Industry- Other precious metals and mining

Fresnillo plc mines develop and produce nonferrous minerals in Mexico. It operates in many parts of Mexico as well as internationally.

The company mainly explores silver, gold, lead, and zinc concentrates.

It has projects running in silver and gold mines in many Brazilian areas. Its mining permits cover around 1.7 million hectares of surface land in Mexico.

It leases mining equipment, produces gold/silver doré bars, and provides administrative services.

The company was founded in 1887 and is headquartered in Mexico City, Mexico. It is a subsidiary of Industrias Peñoles S.A.B. de C.V.

Ibstock plc Ibstock plc

(Forward Annual Dividend Yield- 4.05%)

  •       Company name- Ibstock plc
  •       Ticker symbol- IBST.L
  •       Price – £2.05
  •       Sector-Basic Materials
  •       Industry- Building Materials

Ibstock plc produces and sells clay and concrete building products and solutions in the UK.

Its major products include many brick components and concrete products.

-Advertisement-

They also provide solutions for cladding, roofing accessories, and urban landscaping products.

Most of the company’s products are used in new housing, repair, maintenance, improvement, and infrastructure markets.

The company sells its products under the Forticrete, Supreme, Anderton, and Longley brands to construction industry customers.

Ibstock plc was founded in 1825 and is headquartered in Ibstock, the United Kingdom.

Glencore plcGlencore plc

(Forward Annual Dividend Yield- 4.34%)

  •       Company name- Glencore plc
  •       Ticker symbol- GLEN.L
  •       Price – £4.484
  •       Sector-Basic Materials
  •       Industry- Other industrial metals and mining

Glencore plc produces, refines, processes, stores, transports and markets metals and mineral and energy products worldwide.

 It operates through marketing activities and industrial activities.

It produces and markets many resources such as aluminium, tin and iron ore.

It also engages in oil exploration/production, distribution, storage, and bunkering activities while offering various oil products and natural gases.

The company markets and distributes physical commodities to industrial consumers in construction and automotive.

Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

Vesuvius plcVesuvius plc

(Forward Annual Dividend Yield- 5.98%)

  •       Company name- Vesuvius plc
  •       Ticker symbol- VSVS.L
  •       Price – £3.36
  •       Sector-Basic Materials
  •       Industry- steel

Vesuvius plc mainly provides engineering services and solutions to steel and foundry industries worldwide.

The company offers various foundry consumables and equipment such as binders and feeding systems.

Also, it provides various nonferrous metals and alloys while providing cement and lime solutions.

Furthermore, the company offers power generation and incineration solutions.

In addition, the company provides various other solutions for ingot casting, blast furnace stack repair and ladles.

Vesuvius plc was founded in 1916 and is headquartered in London, the United Kingdom.

Anglo American plcAnglo American plc

(Forward Annual Dividend Yield- 6.78%)

  •       Company name- Anglo American plc
  •       Ticker symbol- AAL.L
  •       Price – £27.90
  •       Sector-Basic Materials
  •       Industry-Other industrial metals and mining

Anglo American plc is a mining company operating worldwide.

It explores rough and polished diamonds, various ores, coal, alloy and other resources.

The company was founded in 1917 and is headquartered in London, the United Kingdom.

Centamin plcCentamin plc

(Forward Annual Dividend Yield- 8.29%)

  •       Company name- Centamin plc
  •       Ticker symbol- Cey. L
  •       Price – £0.814
  •       Sector-Basic Materials
  •       Industry- gold

Centamin plc is involved in exploration, mining and developing precious metals (primarily gold deposits) in Egypt, Burkina, Faso, Côte d’Ivoire, Jersey, the United Kingdom, and Australia.

 The Sukari Gold Mine project is its primary asset located in the East Desert of Egypt.

The company was incorporated in 2011 and is headquartered in Saint Helier, Jersey.

Antofagasta plcAntofagasta plc

(Forward Annual Dividend Yield- 9.66%)

  •       Company name- Antofagasta plc
  •       Ticker symbol- ANTO.L
  •       Price – £11.14
  •       Sector-Basic Materials
  •       Industry- copper

Antofagasta plc is a mining company which operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds 50% and more interest in the mines mentioned above.

The mines produce copper cathodes and concentrate and many precious metal by-products. The company also operates exploration projects in many countries.

Also, it provides rail and road cargo services to mining customers in Chile.

The company was founded in 1888 and is headquartered in London, the United Kingdom.

It is a subsidiary of Metalloinvest Establishment.

Rio Tinto GroupRio Tinto Group

(Forward Annual Dividend Yield- 10.73%)

  •       Company name- Rio Tinto Group
  •       Ticker symbol- RIO.L
  •       Price – £48.00
  •       Sector-Basic Materials
  •       Industry-Other industrial metals and mining

Rio Tinto Group focuses on exploring, mining and processing mineral resources worldwide and offers aluminium, copper, diamonds and other resources.

It owns and operates facilities such as open pit and underground mines, mills, refineries and smelters.

The group was founded in 1873 and is headquartered in London, the United Kingdom.

BHP GROUP LIMITED BHP GROUP LIMITED

(Forward Annual Dividend Yield- 11.42%)

  •   Company name-  BHP Group Limited
  •   Ticker Symbol- BHP.L
  •   Price- £21.77
  •   Sector- Basic Materials
  •   Industry-Other industrial metals and mining

 BHP Group Limited primarily operates as a global resources company in Australia, Europe, China, and elsewhere.

It operates within four segments: Petroleum, Copper, Iron Ore, and Coal.

The company engages in the exploration, development, and production of oil and gas properties; and the mining of copper, silver, uranium, gold, iron ore and other key and minor resources.

In addition, the company provides other services such as towing, freight, and marketing. The company was founded in 1851 and is headquartered in Melbourne, Australia.

Vale S.AVale S.A

(Forward Annual Dividend Yield- 16.23%)

  •       Company name- Vale S.A
  •       Ticker symbol- VALE
  •       Price – £0.133
  •       Sector-Basic Materials
  •       Industry- Other industrial metals and mining

Vale S.A., with its subsidiaries, produces and sells iron ore and iron ore pellets for steel making in Brazil and worldwide. It operates through two segments.

The ferrous minerals segment produces and extracts ferrous products and provides related logistic services.

The base metals segment produces and extracts nickel and its by-products.

The company was initially known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

Highest Dividend Stocks In Basic Materials

This was the list of the top 10 highest dividend stocks in basic materials. This was made to give you some inspiration for companies in this grouping that you can now do your due diligence on. Just looking for a high yield is not enough for it to be a candidate for your portfolio but can be a great starting point that you can start to narrow down your watchlist.

We have lots of resources to help you decide if a dividend stock is right for you and videos that can give you more inspiration for other categories.

You would have seen some of these stocks in our article about the Top 20 High Dividend Stocks In The UK Stock Market.

Infographics taken from Simply Wall St – Sign up to premium here.

Top 20 High Dividend Stocks In The UK Stock Market

-Advertisement-

You might also like
dijital pazarlama