7 Commodity Stocks to Buy for Great Dividends

Another great list of expert picks for those desiring to invest for income using dividend stocks.  

SEPTEMBER 23, 2022 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks wilt as the "r" word gains traction in Wall Street's lexicon, and FedEx packages get pricier. Highlights of today's newsletter include our market insights plus these new articles: 7 Commodity Stocks to Buy for Great Dividends 9 Defensive ETFs for a Volatile Market 7 Drone Stocks to Watch for 2022 Is Bitcoin Worth Investing In? What to Know About Financial Advisor Fees and Costs TODAY'S FEATURED STOCK STORY 7 Commodity Stocks to Buy for Dividends One of the few bright spots in a volatile 2022 has been the materials sector, where a few top commodity stocks have managed to hang tough or even generate significant profit while the rest of Wall Street has been left behind. That's because in an environment where inflation is driving up the cost of raw materials and pinching margins for end users, the companies that refine those raw materials and bring them to market are in a great spot. The following companies also offer a stream of consistent dividend payments: Alliance Resource Partners LP (ticker: ARLP). A $3 billion producer of energy commodities, Alliance was on the outs a few years ago thanks to a focus on thermal coal. However, rising energy prices have benefited its oil and gas business, and more importantly the sky-high costs of these commodities plus supply chain disruptions for electricity providers have resulted in rising demand for comparatively dirty coal. Alliance sales are tracking 60% growth in fiscal 2022 and another 10% in fiscal 2023. The company has generously increased dividends for shareholders as the profits have rolled in. Dividend yield: 6.8% Barrick Gold Corp. (GOLD). Barrick is a precious metal producer headquartered in Canada but operates mines as far away as Argentina and the Congo. Current gold prices are down sharply from their prior highs, so shares of GOLD have also been down this year. Considering the current inflationary pressures, however, it may be likely we'll see the precious metal's price stabilize and rise once more. In the meantime, GOLD's generous dividend is an incentive for investors. Dividend yield: 2.6% Click here to continue reading. 7 commodity stocks to buy for great dividends: Alliance Resource Partners LP (ARLP) Barrick Gold Corp. (GOLD) Enterprise Products Partners LP (EPD) Exxon Mobil Corp. (XOM) 3M Co. (MMM) Sociedad Química y Minera de Chile SA (SQM) Vale SA (VALE)