Here’s 2 of manufacturing’s highest yields

Article Excerpt

Both Russel Metals and Calian are growth stocks, but they offer income investors a high, sustainable yield. The two firms have strong balance sheets, and those high payouts appear safe. RUSSEL METALS $25 (Toronto symbol RUS; High- Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 61.7 million; Market cap: $1.5 billion; Price-to-sales ratio: 0.6; Dividend yield: 6.1%; Dividend Sustainability Rating: Above Average; russelmetals. com) distributes a broad range of industrial equipment, including machinery made by Caterpillar Inc. It also makes refrigeration systems through its CIMCO division. The company last raised its dividend in September 2014, but its current quarterly dividend of $0.38 a share gives it a very high 6.1% yield. Profiting from a Trump victory The stock has jumped almost 17% since Donald Trump won the presidential election. That’s because of his plan to restrict low-cost steel imports. He has also promised to boost infrastructure spending. Those measures could lift both steel prices and demand in the U.S. In the…