Best Industrial Dividend Stocks - For High Returns in 2024
Industrial dividend stocks offer investors a unique blend of stability and growth potential. The industrial sector encompasses companies involved in manufacturing, construction, transportation, and infrastructure, all of which play a vital role in supporting economic activity. Many industrial companies generate steady cash flows, enabling them to pay consistent dividends. Additionally, with ongoing investment in infrastructure and technological advancements, the sector is well-positioned for future growth. We’ll highlight some of the best industrial dividend stocks and explain why investing in this sector can provide both reliable income and opportunities for long-term capital appreciation.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| 3M | 2.78% | 55.40% | 16.29% | 15.41% | 0.96% | 4.81% | 10.48% |
| Honeywell International | 1.92% | 50.54% | 26.05% | 8.51% | 0.34% | 6.42% | 9.52% |
| General Electric | 0.55% | 12.65% | 29.05% | 9.61% | 0.26% | -2.87% | -8.65% |
| Caterpillar | 1.42% | 24.61% | 17.26% | 9.50% | 0.58% | 8.80% | 11.26% |
| Lockheed Martin | 2.58% | 45.66% | 17.60% | 16.32% | 0.99% | 8.18% | 9.78% |
| Northrop Grumman | 1.68% | 49.22% | 29.55% | 4.76% | 0.16% | 9.33% | 11.92% |
| Raytheon Technologies | 2.11% | 67.44% | 33.27% | 2.57% | 0.08% | -3.93% | 0.56% |
| Rockwell Automation | 1.70% | 59.95% | 35.39% | 9.63% | 0.27% | 5.62% | 8.65% |
| Emerson Electric | 1.61% | 61.03% | 37.72% | 3.43% | 0.09% | 1.40% | 2.31% |
| Texas Instruments | 2.75% | 95.39% | 35.23% | 10.13% | 0.29% | 13.80% | 16.72% |
| Danaher | 0.45% | 19.86% | 43.63% | 3.31% | 0.07% | 10.41% | 26.51% |
| Illinois Tool Works | 2.08% | 48.42% | 23.49% | 23.93% | 1.12% | 8.77% | 12.98% |
| Eaton | 1.06% | 39.12% | 37.52% | 7.40% | 0.20% | 5.44% | 7.43% |
| Parker-Hannifin | 0.95% | 27.72% | 29.89% | 6.70% | 0.24% | 14.44% | 12.48% |
| Graco | 1.16% | 34.60% | 30.46% | 5.91% | 0.21% | 12.14% | -0.62% |
| Stryker | 0.85% | 33.40% | 39.77% | 7.09% | 0.18% | 9.58% | 10.74% |
| Stanley Black & Decker | 3.80% | -229.58% | -60.66% | 1.46% | -0.02% | 4.53% | 4.98% |
| Dover | 1.02% | 18.22% | 17.71% | 4.84% | 0.29% | 1.33% | 3.42% |
| Linde | 1.28% | 40.92% | 32.58% | 5.31% | 0.16% | 9.10% | 7.83% |
| Johnson Controls International | 1.76% | 58.65% | 32.75% | 3.47% | 0.11% | 7.17% | 8.84% |
| Terex | 1.37% | 9.78% | 7.14% | 1.69% | 0.26% | 9.86% | 29.04% |
| Flowserve | 1.36% | 40.73% | 29.85% | 3.89% | 0.14% | 1.03% | -0.49% |
| Jacobs Engineering | 0.78% | 17.71% | 23.24% | 4.12% | 0.13% | 10.69% | 0.00% |
| Masco | 1.43% | 30.69% | 21.09% | -199.18% | -10.55% | 21.25% | 14.28% |
| Pentair | 0.86% | 22.58% | 26.61% | 5.07% | 0.20% | -3.47% | -0.87% |
| Trane Technologies | 0.84% | 29.62% | 36.54% | 11.88% | 0.35% | 14.56% | 13.58% |
| Woodward | 0.57% | 15.63% | 27.90% | 4.78% | 0.17% | 9.07% | 10.65% |
| A. O. Smith | 1.76% | 33.62% | 19.17% | 5.61% | 0.30% | 9.93% | 6.02% |
| Hexcel | 0.95% | 44.13% | 47.48% | 3.23% | 0.07% | 1.25% | 0.00% |
| Cintas | 1.17% | 33.66% | 52.00% | 21.19% | 0.40% | 32.75% | 27.07% |
| Fortive | 0.41% | 12.59% | 30.80% | 2.60% | 0.08% | 0.70% | 0.00% |
| Kennametal | 3.00% | 62.21% | 20.54% | 1.63% | 0.08% | 0.00% | 1.64% |
| Timken | 1.79% | 28.04% | 15.56% | 1.80% | 0.12% | 3.21% | 3.52% |
| EnerSys | 0.95% | 12.69% | 13.35% | 2.10% | 0.16% | 2.71% | 7.87% |
| IDEX | 1.22% | 41.07% | 34.42% | 4.42% | 0.13% | 8.71% | 10.97% |
| Broadcom | 0.94% | 166.48% | 178.43% | 15.54% | 0.09% | 10.81% | 36.00% |
| Textron | 0.10% | 1.36% | 17.17% | 2.18% | 0.13% | 0.00% | 0.00% |
| AGCO | 3.67% | 160.74% | 43.76% | 1.79% | 0.04% | 59.07% | 31.34% |
| Crane | 0.50% | 17.26% | 35.87% | 5.99% | 0.18% | -6.32% | -1.38% |