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The economic downturn has bulldozed investor appetites for stocks related to building and machinery. Investors are right to lower their expectations from real estate bubble era fantasies, but they should not swear off the sector based on the recent bust. On the contrary, there are many dividend paying stocks with compelling histories of growing shareholder equity and paying shareholders dividends:

Ampco-Pittsburgh Corp. (NYSE:AP) recently traded at $19.79 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 AP paid a total of $5.08 in dividends. Of these dividend payments, a total of $3.08 were paid in the last five years.

AP shareholders have suffered a -27.4% plunge in share price over the past year. At present, shares of this microcap stock trade at a price-to-book ratio of 1.0, a price-to-earnings multiple of 21.1, and a price-to-sales multiple of 0.6 (trailing twelve months). Over the past decade shareholders enjoyed a 7.4% average annual return on equity.

Apogee Enterprises, Inc. (NASDAQ:APOG) recently traded at $10.56 per share. At this price level, the stock has a 3.1% dividend yield. For 10 out of the past 10 fiscal years, a share of APOG paid a total of $2.63 in dividends. Of these dividend payments, a total of $1.43 were paid in the last five years.

APOG shareholders have suffered a -19.5% drop in share price over the past year. At present, shares of this microcap stock trade at a price-to-book ratio of 0.9, a price-to-earnings multiple of 0.0, and a price-to-sales multiple of 0.5 (trailing twelve months). Over the past decade shareholders savored a 10.5% average annual return on equity.

Chase Corp. (NYSEMKT:CCF) recently traded at $13.01 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 CCF paid a total of $2.19 in dividends. Of these dividend payments, a total of $1.35 were paid in the last five years.

CCF shareholders have suffered a -18.1% drop in share price over the past year. At present, shares of this microcap stock trade at a price-to-book ratio of 1.3, a price-to-earnings multiple of 10.6, and a price-to-sales multiple of 1.0 (trailing twelve months). Over the past decade shareholders savored a 14.7% average annual return on equity.

Emerson Electric Co. (NYSE:EMR) recently traded at $48.96 per share. At this price level, the stock has a 3.3% dividend yield. For 10 out of the past 10 fiscal years, a share of EMR paid a total of $9.77 in dividends. Of these dividend payments, a total of $5.80 were paid in the last five years.

EMR shareholders have endured a -12.0% drop in share price over the past year. At present, shares of this large-cap stock trade at a price-to-book ratio of 3.5, a price-to-earnings multiple of 15.0, and a price-to-sales multiple of 1.5 (trailing twelve months). Over the past decade shareholders savored a 19.1% average annual return on equity.

Illinois Tool Works Inc. (NYSE:ITW) recently traded at $45.82 per share. At this price level, the stock has a 3.1% dividend yield. For 10 out of the past 10 fiscal years, a share of ITW paid a total of $7.92 in dividends. Of these dividend payments, a total of $5.45 were paid in the last five years.

ITW shareholders have endured a -12.4% drop in share price over the past year. At present, shares of this large-cap stock trade at a price-to-book ratio of 2.3, a price-to-earnings multiple of 11.6, and a price-to-sales multiple of 1.3 (trailing twelve months). Over the past decade shareholders savored a 16.3% average annual return on equity.

MDU Resources Group Inc. (NYSE:MDU) recently traded at $20.41 per share. At this price level, the stock has a 3.3% dividend yield. For 10 out of the past 10 fiscal years, a share of MDU paid a total of $5.16 in dividends. Of these dividend payments, a total of $2.94 were paid in the last five years.

MDU shareholders have seen a 3.9% change in share price over the past year. At present, shares of this midcap stock trade at a price-to-book ratio of 1.4, a price-to-earnings multiple of 15.8, and a price-to-sales multiple of 1.0 (trailing twelve months). Over the past decade shareholders savored a 11.8% average annual return on equity.

Met-Pro Corp. (NYSE:MPR) recently traded at $8.8699 per share. At this price level, the stock has a 3.2% dividend yield. For 10 out of the past 10 fiscal years, a share of MPR paid a total of $1.93 in dividends. Of these dividend payments, a total of $1.12 were paid in the last five years.

MPR shareholders have suffered a -22.9% drop in share price over the past year. At present, shares of this microcap stock trade at a price-to-book ratio of 1.5, a price-to-earnings multiple of 19.3, and a price-to-sales multiple of 1.4 (trailing twelve months). Over the past decade shareholders savored a 10.4% average annual return on equity.

Will the building and machinery industry survive? Yes, of course. Businesses, governments, and individuals need to make capital investments to replace and modernize real estate and equipment.

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.

Source: 7 High Dividend Stocks In Building And Machinery