5 Best Material Dividend Stocks To Buy Now

4. Reliance Steel & Aluminum Co. (NYSE: RS)

Number of Hedge Fund Holders: 27

Dividend Yield: 1.97%

Reliance Steel is one of the best material dividend stocks to buy now, as the company has paid regular dividends for 61 consecutive years without suspensions. Reliance Steel deals in metals like aluminum, brass, alloy, copper, titanium, carbon steel, stainless steel and also provides services related to metals processing. The Fortune 500 company recently posted Q4 results, beating the analysts’ forecast for EPS, while revenue came in-line with the Street’s forecasts.

Royce & Associates is one of the 27 hedge funds tracked by Insider Monkey who held stakes in the company at the end of the fourth quarter of 2020. The fund owns 477,846 shares of the company, having a total worth of $57.2 million.