In this article we discuss the 5 best industrial dividend stocks for 2021. If you want to read our detailed analysis of the best industrial dividend stocks to buy this year and some merits of dividend investing, go directly to 10 Best Industrial Dividend Stocks For 2021.
5. CSX Corporation (NASDAQ: CSX)
Dividend Yield: 2.14%
CSX is an American holding company, and together with its subsidiaries, is focused on rail-based transportation services and real estate. The company offers rail services, transportation of intermodal containers and trailers, as well as other transportation services including rail-to-truck transfers and bulk commodity operations. As a leading transportation company, CSX has the largest rail system in the eastern US. CSX operates approximately 19,500 route mile rail network, serving various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec.
The company’s earnings have grown 13% annually for the past five years. As CSX has managed to grow earnings at a rapid pace, it has also reinvested bulk of the profits for business expansion. CSX is a Fortune 500 company.
The stock is up 80.38% over the last 12 months.