5 Best Material Dividend Stocks To Buy Now

2. Vulcan Materials Company (NYSE: VMC)

Number of Hedge Fund Holders: 44

Dividend Yield: 0.86%

Vulcan Materials is one of the best material dividend stocks to buy now. The company sells gravel, crushed stone, sand and other construction materials. On Feb. 12, the company increased its quarterly dividend by 8.8%. In the fourth quarter, Vulcan Materials earned $1.07 per share, beating the Street’s consensus by $0.08. Revenue in the period came in at $1.18 billion, beating the Wall Street by $20 million.

As of the end of the fourth quarter, 44 hedge funds in Insider Monkey’s database of 887 funds held stakes in Vulcan Materials Company, compared to 42 funds in the third quarter. Egerton Capital Limited is the biggest stakeholder in the company, with 1.7 million shares, worth $250.1 million.