In this article, we will be taking a look at 5 industrial dividend stocks with over 3% yield. To see our detailed analysis of these stocks, you can go directly to the 10 Industrial Dividend Stocks with Over 3% Yield.
5. Powell Industries, Inc. (NASDAQ: POWL)
Number of Hedge Fund Holders: 7
Dividend Yield: 3.9%
Powell Industries, Inc. (NASDAQ: POWL) is a developer of custom-engineered equipment and systems for the distribution and control of electrical energy, for sale in the US, Canada, the Middle East, Africa, the Far East, Europe, Mexico, and Central and South America. The company ranks 5th on our list of industrial dividend stocks with over 3% yield.
Sidoti holds a Neutral rating on shares of Powell Industries, Inc. (NASDAQ: POWL) as of this August.
In the fiscal third quarter of 2021, Powell Industries, Inc. (NASDAQ: POWL) had an EPS of -$0.17, missing estimates by $0.18. The company’s revenue was $115.81 million, beating estimates by $4.24 million.
By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Powell Industries, Inc. (NASDAQ: POWL) worth roughly $27.1 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $31.1 million.
4. Triton International Limited (NYSE: TRTN)
Number of Hedge Fund Holders: 30
Dividend Yield: 4.3%
Triton International Limited (NYSE: TRTN) works to acquire, lease, re-lease, and sell intermodal containers and chassis to shipping lines and freight forwarding companies. The company ranks 4th on our list of industrial dividend stocks with over 3% yield and operates through its Equipment Leasing and Equipment Trading segments.
Liam Burke, an analyst at B. Riley, this June took over coverage of shares of Triton International Limited (NYSE: TRTN) with a Buy rating. Burke also placed a $70 price target on the stock after assuming coverage.
In the second quarter of 2021, Triton International Limited (NYSE: TRTN) had an EPS of $2.14, beating estimates by $0.17. The company’s revenue was $369.78 million, up 15.06% year over year and beating the previous quarter’s revenue of $346.74 million. Triton International Limited (NYSE: TRTN) has also gained 5.51% in the past 6 months and 12.71% year to date.
By the end of the first quarter of 2021, 30 hedge funds out of the 866 tracked by Insider Monkey held stakes in Triton International Limited (NYSE: TRTN) worth roughly $264 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $255 million.
3. Ennis, Inc. (NYSE: EBF)
Number of Hedge Fund Holders: 8
Dividend Yield: 4.6%
Ennis, Inc. (NYSE: EBF) operates as a commercial printing company in the industrials sector and designs and manufactures business forms and products in the US for sale. The company ranks 3rd on our list of industrial dividend stocks with over 3% yield.
This June, Ennis, Inc. (NYSE: EBF) announced that it had acquired AmeriPrint Corporation in May.
In the fiscal first quarter of 2022, Ennis, Inc. (NYSE: EBF) had an EPS of $0.28, beating estimates by $0.01. The company’s revenue was $96.93 million, up 8.92% year over year and also beating estimates by $6.43 million. Ennis, Inc. (NYSE: EBF) has also gained 2.54% in the past 6 months and 11.68% year to date.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ennis, Inc. (NYSE: EBF) worth roughly $70.3 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $65 million.
2. SFL Corporation Ltd. (NYSE: SFL)
Number of Hedge Fund Holders: 14
Dividend Yield: 8.9%
SFL Corporation Ltd. (NYSE: SFL), an oil and gas storage and transportation company, is next on our list of industrial dividend stocks with over 3% yield. The company owns, operates, and charters out of vessels and offshore related assets and ranks 2nd on our list.
This May, Liam Burke from B. Riley raised his price target on shares of SFL Corporation Ltd. (NYSE: SFL) as well. The new price target on the stock stands at $10, with Burke also keeping a Neutral rating on SFL Corporation Ltd. (NYSE: SFL).
In the first quarter of 2021, SFL Corporation Ltd. (NYSE: SFL) had an EPS of $0.27, beating estimates by $0.14. The company’s revenue was $109.13 million, also beating estimates by $2.12 million. SFL Corporation Ltd. (NYSE: SFL) has also gained 9.12% year to date.
By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in SFL Corporation Ltd. (NYSE: SFL) worth roughly $25.2 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $31.9 million.
1. Nordic American Tankers Limited (NYSE: NAT)
Number of Hedge Fund Holders: 10
Dividend Yield: 11.9%
Nordic American Tankers Limited (NYSE: NAT), a tanker company, ranks 1st on our list of industrial dividend stocks with over 3% yield. The company acquires and charters double-hull tankers in Bermuda and internationally.
Jonathan Chappell from Evercore ISI upgraded Nordic American Tankers Limited (NYSE: NAT) to In Line this May, alongside raising the price target on shares of Nordic American Tankers Limited (NYSE: NAT) from $2.50 to $4 as well.
In the first quarter of 2021, Nordic American Tankers Limited (NYSE: NAT) had an EPS of -$0.16, beating estimates by $0.02. The company’s revenue was $18.81 million, beating the previous quarter’s revenue of $16.29 million.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nordic American Tankers Limited (NYSE: NAT) worth roughly $7.11 million. This is compared to 5 hedge funds in the previous quarter with a total stake value of approximately $7.6 million.
You can also take a look at 15 Fastest Growing Dividend Stocks and 10 Best Long-Term Dividend Stocks to Buy and Hold.
