5 Best Materials Dividend Stocks To Buy Now

Below we present the list of 5 Best Materials Dividend Stocks To Buy Now. For our methodology and a more comprehensive list please see the 11 Best Materials Dividend Stocks To Buy Now.

5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Number of Hedge Fund Shareholders: 29

Dividend Yield: 4.09%

Chilean chemicals and fertilizers company Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has greatly increased its dividend payments over the last year, vaulting it up the list of best materials dividend stocks. In the last two quarters alone, the company has paid out nearly $4.45 in dividends, more than it had paid out in the prior three years combined.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) grew revenue by 342% in the second quarter of this year, to $2.6 billion, while net income and EPS both skyrocketed by more than 800% year-over-year. The company’s lithium segment continued to be a massive growth driver in Q2, growing sales by more than 1,000% to $1.85 billion. Given the tightness in the lithium and fertilizer markets and the extended long-term growth runway for lithium, SQM is a compelling growth and dividend stock rolled into one.

Smart money ownership of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) hit an all-time high in Q1 and ticked up even further in Q2, having doubled since the end of 2020. Several quant funds, which appear to have been big fans of materials stocks during Q2, were buying up SQM during the quarter, including Two Sigma Advisors, Renaissance Technologies, and Arrowstreet Capital.