In this article we talk about the 5 best material dividend stocks to buy now. If you want to read our detailed analysis of the materials sector, click and read 10 Best Material Dividend Stocks To Buy Now.
5. BHP Group (NYSE: BHP)
Number of Hedge Fund Holders: 20
Dividend Yield: 5.61%
BHP is one of the biggest mining companies in the world. The Australia-based company produces various commodities, including iron ore, metallurgical coal, copper and uranium. With a dividend yield of 5.6% and market cap of $196 billion, BHP is one of the best material dividend stocks to buy now. In January, the company posted a 6% year-over-year increase in iron ore production for the six months ended Dec. 31. On March 1, the company declared a dividend of $2.02/ADS.
According to our database, the number of BHP Group’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 20 hedge funds that hold a position in BHP by the end of December, compared to the 18 funds in the third quarter. The biggest stakeholder of the company is Fisher Asset Management, with 7.8 million shares, worth $509.7 million.