5 Russell 2000 Basic Materials Dividend Stocks To Buy

2. Schweitzer-Mauduit International, Inc. (NYSE: SWM)

Number of Hedge Fund Holders: 7
Dividend Yield: 4.5%

Schweitzer-Mauduit International, Inc. (NYSE: SWM) is a provider of engineered solutions and advanced materials for a range of industries across the globe. The company operates through its Advanced Materials & Structures and Engineered Papers segments and ranks 2nd on our list of Russell 2000 basic materials dividend stocks.

This April, Schweitzer-Mauduit International, Inc. (NYSE: SWM) successfully completed its acquisition of Scapa Group, allowing the company to now have a presence in about 12 countries on four continents.

In the second quarter of 2021, Schweitzer-Mauduit International, Inc. (NYSE: SWM) had an EPS of $0.90, beating estimates by $0.11. The company’s revenue of $377.80 million was up 48.62% year over year and beat estimates by $76.6 million. Schweitzer-Mauduit International, Inc. (NYSE: SWM) has gained 12.62% in the past year.

By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Schweitzer-Mauduit International, Inc. (NYSE: SWM) worth roughly $11 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $15.7 million.