5 Commodities Stocks That Pay Dividends

In this article, we will look at 5 commodities stocks that pay dividends. If you want to see how the commodities market has been performing so far, you can go to 10 Commodities Stocks That Pay Dividends.

5. Enviva Inc. (NYSE:EVA)

Number of Hedge Fund Holders: 5

Forward Dividend Yield as of March 18: 4.24%

Enviva Inc. (NYSE:EVA) is the world’s largest producer of industrial wood pellets, which are used as an energy source to generate heat and electricity. On March 7, 2022, RBC Capital analyst Elvira Scotto raised his price target on Enviva Inc. (NYSE:EVA) to $85 from $78 and maintained an Outperform rating on the shares.

On January 19, 2022, Enviva Inc. (NYSE:EVA) announced a stock offering of 4.3 million shares of common stock. The stock offering was priced a day after, on January 20, at $70 per share. The company granted underwriters an overallotment option to purchase an additional 645,000 shares.

On February 28, 2022, Enviva Inc. (NYSE:EVA) declared a quarterly cash dividend of $0.86 per share, payable by February 25 to shareholders of record on February 14. The stock’s forward yield as of March 18, 2022, is 4.24% and the stock has gained 54.81% over the past twelve months.

Enviva Inc. (NYSE:EVA) was a part of 5 hedge fund portfolios by the end of the fourth quarter of 2021. The total stakes of these funds were valued at roughly $423.05 million, up from $341.70 million in the previous quarter with 8 positions.

Jeff Ubben’s Inclusive Capital is the dominating shareholder in Enviva Inc. (NYSE:EVA) as of Q4 2021. The fund’s stakes in the company amounted to $402.37 million, which covers 41.17% of Inclusive Capital’s 13F portfolio.