Thirteen percent of all chemicals produced worldwide come from the United States. The pandemic had a devastating effect on the industry because of its cyclical nature. As the economy recovers, analysts are optimistic about the chemical industry. In 2022, the American Chemical Council predicts that the chemical industry will grow by 3.2 percent. For the first time since 2020, U.S. chemical exports have increased by a total of $151 million dollars. A few of the big players in the chemical industry include Exxon Mobil, Chevron, Ciner Resources LP.
Here is Insider Monkey’s list of 10 best chemical dividend stocks with over 2% yield. US-based chemical company Air Products and Chemicals Inc. sells industrial chemicals and related products. The company reported revenue of $2.84 billion in fiscal Q4 2021, an increase of 22.4 percent from the previous year. The Huntsman Corporation is an American chemical company based in the United States. Huntsman Corporation reported an EPS of $1.08 for the third quarter, beating expectations by $0.16. In 2021, the stock returned 31.5 percent to investors. During the third quarter, the number of hedge funds tracked by Insider Monkey that had a stake in the company rose from 27 to 30. As of the close of business on December 12, Eastman Chemical Company was up 18.99% year-to-date. One of the largest chemical and biofuel companies in the United States, FutureFuel Corp. Shareholders of the company receive a dividend of $0.24 per share annually. Jim Simons’ Renaissance Technologies held a $14 million stake in the Missouri-based company. Energy company Chevron Corporation is also a major producer of chemicals in the United States. Ethylene, propylene, and specialty chemicals are all produced here. On the 27th of October, the company released its third-quarter earnings results, reporting an EPS of $2.96. For more details, click 10 Best Chemical Dividend Stocks With Over 2% Yield.
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