Corporations offer “DRIP” (Dividend Reinvestment Plan) that allows investors to reinvest their cash dividends by purchasing additional shares or fractional shares on the dividend payment date. Most DRIPs allow investors to buy shares commission free and at a significant discount to the current share price.
Today, we have shortlisted 10 U.S. Industrial stocks that offer Dividend Reinvestment Plan to investors. Recently, these stocks have made decent dividend announcements and also offer an entitlement opportunity to investors to receive dividends with record date starting December 12th 2014. We note that during the past one month, some of the stocks have registered price gains with daily average trading volumes in excess of 100,000.
|
Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
Most Recently Announced DPS |
Dividend Declared Date |
Dividend Record Date |
Dividend Payment Date |
|
Greif Inc |
GEF |
NYSE |
2,225.3 |
45.16 |
130,977 |
2.1% |
0.42 |
12/9/2014 |
12/19/2014 |
1/1/2015 |
|
Ship Finance International Ltd |
SFL |
NYSE |
1,242.2 |
13.32 |
681,616 |
-22.0% |
0.41 |
11/25/2014 |
12/12/2014 |
12/30/2014 |
|
GATX Corp |
GMT |
NYSE |
2,382.4 |
53.90 |
297,779 |
-17.6% |
0.33 |
10/31/2014 |
12/15/2014 |
12/31/2014 |
|
Graco Inc |
GGG |
NYSE |
4,667.7 |
78.49 |
216,806 |
-1.7% |
0.30 |
12/5/2014 |
1/20/2015 |
2/4/2015 |
|
Nordson Corp |
NDSN |
NASDAQ |
4,748.6 |
75.26 |
202,509 |
-3.8% |
0.22 |
12/1/2014 |
12/19/2014 |
1/6/2015 |
|
Harsco Corp |
HSC |
NYSE |
1,457.0 |
18.03 |
575,454 |
-11.0% |
0.21 |
10/30/2014 |
1/15/2015 |
2/17/2015 |
|
Brady Corp |
BRC |
NYSE |
1,324.0 |
25.83 |
259,260 |
8.2% |
0.20 |
11/19/2014 |
1/9/2015 |
1/30/2015 |
|
Raven Industries Inc |
RAVN |
NASDAQ |
849.2 |
22.32 |
136,015 |
-14.1% |
0.13 |
12/9/2014 |
1/9/2015 |
1/23/2015 |
|
Briggs & Stratton Corp |
BGG |
NYSE |
914.6 |
20.16 |
326,945 |
-0.4% |
0.13 |
10/15/2014 |
12/16/2014 |
12/31/2014 |
|
ITT Corp |
ITT |
NYSE |
3,631.9 |
39.65 |
765,553 |
-9.4% |
0.11 |
10/8/2014 |
12/12/2014 |
12/31/2014 |
Source: Bloomberg
Company Description
Greif Inc (NYSE: GEF)
Greif Inc. manufactures and markets industrial packaging products and services. The company provides steel, plastic, fiber, corrugated and multiwall containers. Greif also produces containerboard and has operations nationwide.
Ship Finance International Ltd (NYSE: SFL)
Ship Finance International Ltd. owns and charters out, ships. The company’s fleet includes crude oil tankers, oil/bulk/ore vessels, dry bulk carriers, and jack up oil rigs.
GATX Corp (NYSE: GMT)
GATX Corporation leases, operates, manages and remarkets long-lived, widely used assets, primarily in the rail and marine markets. The company leases tank cars, freight cars and locomotives in North America, Europe and India. GATX Corp. also actively manages transportation and other leased assets on behalf of third parties.
Graco Inc (NYSE: GGG)
Graco Inc. supplies technology for the management of fluids in both industrial and commercial applications. The company designs, manufactures, and markets systems to move, measure, control, dispense, and apply fluid materials. Graco’s products are used for applying paints and coatings, high-pressure cleaning of equipment, and lubricating and maintaining vehicles and other equipment.
Nordson Corp (NASDAQ: NDSN)
Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations. The company’s products include customized electronic controls for the precise application and curing of materials to meet customers’ requirements. Nordson operates around the world.
Harsco Corp (NYSE: HSC)
Harsco Corporation is an industrial services and engineered products company. The company offers industrial mill services, gas control, and containment products, scaffolding services, and railway maintenance. Harsco is also involved in other lines of business including process equipment, industrial grating and bridge decking, pipe fittings, slag abrasives, and roofing granules.
Brady Corp (NYSE: BRC)
Brady Corporation manufactures industrial identification solutions. The company’s products include labels, coated materials, signs, software, printing systems, and data-collection systems. Brady sells its products to a variety of industries around the world, including telecommunications, electrical, electronics, and manufacturing.
Raven Industries Inc (NASDAQ: RAVN)
Raven Industries manufactures precisions agriculture products and information tools including GPS, field computers, assisted-steering systems and other field management technology. The company manufactures high-performance plastic films and sheeting for industrial applications. Raven also provides balloons, inflatables, and industrial controls.
Briggs & Stratton Corp (NYSE: BGG)
Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment. The company’s engines are aluminum alloy gasoline engines ranging from three to 25 horsepower. Briggs & Stratton markets and services its products to original equipment manufacturers worldwide.
ITT Corp (NYSE: ITT)
ITT Corp. is a diversified manufacturer of engineered components and customized technology solutions for industrial end-markets. The company’s products range from complex pumps to advanced brake pads to intricate connectors. ITT’s key end-market industries include energy infrastructure, electronics, aerospace and transportation.
