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Unlike Eastman Kodak (EK), not all chemical stocks melt down or blow up. On the contrary, income investors searching for steady dividends could benefit by adding chemical companies to their portfolios. Chemical producers include diversified chemical producers, for example, Eastman Chemical Co. (EMN) as well as companies that produce fertilizers (for example, The Scotts Miracle-Gro Company (SMG) and Terra Nitrogen Co. LP (TNH).

Consdier Terra Nitrogen Company, L.P. , which recently traded at $157.25 per share. At this price level, the stock pays a handsome 8.9% dividend yield. For 10 out of the past 10 fiscal years, a share of TNH paid a total of $44.36 in dividends. Of these dividend payments, a total of $38.57 were paid in the last five years.

TNH shareholders have enjoyed a 60.3% jump in share price over the past year. Currently, shares of this mid-cap stock trade at a price-to-book ratio of 10.9, a price-to-earnings multiple of 11.2, and a price-to-sales multiple of 3.9 (trailing twelve months).

Not all chemical stocks are so cheaply valued. Considder Aceto Corp. (ACET), which recently traded at $6.78 per share. At this price level, the stock has a 2.9% dividend yield. For 10 out of the past 10 fiscal years, a share of ACET paid a total of $1.53 in dividends. Of these dividend payments, a total of $0.98 were paid in the last five years.

ACET shareholders have suffered a -21.7% drop in share price over the past year. Shares of this micro-cap stock trade at a price-to-book ratio of 1.2, a price-to-earnings multiple of 20.4, and a price-to-sales multiple of 0.4 (trailing twelve months). Over the past decade shareholders enjoyed a 8.8% average annual return on equity.

A more reasonablly priced chemical stock, Air Products & Chemicals Inc. (APD) recently traded at $82.35 per share. At this price level, the stock has a 2.8% dividend yield. For 10 out of the past 10 fiscal years, a share of APD paid a total of $13.00 in dividends.

APD shareholders have endured a -7.1% decline in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 3.0, a price-to-earnings multiple of 14.8, and a price-to-sales multiple of 1.7 (trailing twelve months). Over the past decade shareholders received a 16.1% average annual return on equity.

Some chemical stocks are household names. One celebrity stock is E. I. du Pont de Nemours and Company (DD), which recently traded at $47.64 per share. At this price level, the stock has a 3.4% dividend yield. For 10 out of the past 10 fiscal years, a share of DD paid a total of $14.98 in dividends.

DD shareholders have sustained a -0.7% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 3.8, a price-to-earnings multiple of 13.0, and a price-to-sales multiple of 1.2 (trailing twelve months). Over the past decade shareholders received a 21.2% average annual return on equity.

Another celebrity stock is The Dow Chemical Company (DOW), which recently traded at $27.68 per share. At this price level, the stock has a 3.6% dividend yield. For 10 out of the past 10 fiscal years, a share of DOW paid a total of $12.72 in dividends.

DOW shareholders have suffered a -16.1% drop in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 1.4, a price-to-earnings multiple of 11.5, and a price-to-sales multiple of 0.6 (trailing twelve months). Over the past decade shareholders received a 12.1% average annual return on equity.

Eastman Chemical Co. recently traded at $38.77 per share. At this price level, the stock has a 2.7% dividend yield. For 10 out of the past 10 fiscal years, a share of EMN paid a total of $8.82 in dividends. Of these dividend payments, a total of $4.42 were paid in the last five years.

EMN shareholders have endured a -5.6% decline in share price over the past year. Shares of this mid-cap stock trade at a price-to-book ratio of 2.8, a price-to-earnings multiple of 9.8, and a price-to-sales multiple of 0.8 (trailing twelve months). Over the past decade shareholders received a 10.3% average annual return on equity.

The Scotts Miracle-Gro Company (SMG) recently traded at $45.3 per share. At this price level, the stock has a 2.7% dividend yield. For 6 out of the past 10 fiscal years, a share of SMG paid a total of $2.76 in dividends. Of these dividend payments, a total of $2.63 were paid in the last five years.

SMG shareholders have endured a -10.4% drop in share price over the past year. Shares of this mid-cap stock trade at a price-to-book ratio of 4.8, a price-to-earnings multiple of 25.9, and a price-to-sales multiple of 1.0 (trailing twelve months). Over the past decade shareholders received a 13.8% average annual return on equity.

Clearly there are some attractive dividend yields and dividend histories in this list of chemical stocks.

Disclaimer: This article was written to provide investor information and education, and should not be construed as a guarantee or investment advice. I have no idea what your individual risk, time-horizon, and tax circumstances are: please seek the personal advice of a financial planner. This article uses third-party data and may contain approximations and errors. Please check estimates and data for yourself before investing. Moreover, this research does NOT constitute a guarantee.

Source: 7 Chemical Stocks Paying Top Dividends