High Yields from Chemicals

A few of the major chemical companies are reporting earnings this week,
including EI DuPont de Nemours & Co. (DD), Dow Chemical Company (DOW), and
Eastman Chemical Company (EMN), with the anticipation of reports of higher
revenues and earnings for the latest quarter in most cases. Let's look at Dow
Chemical as an example. It is the second largest chemical manufacturer in the
world based on revenues and the third-largest chemical company in the world by
market capitalization. The company reports its earnings on Thursday, October 27,
and analysts are expecting a 13.7% increase in revenues. The stock pays a
generous 3.7% yield and trades at nine times forward earnings. The research firm
Ticonderoga just initiated coverage a couple weeks ago giving it a Buy rating.
Air Products & Chemicals Inc. (APD) markets gases and chemicals for industrial
use, and pays a decent yield of 2.8%. The company just reported strong earnings
last week, reporting a 19.4% increase in earnings on an 11.1% revenue rise. The
stock has a forward price to earnings ratio of 13. FMC Corp. (FMC) provides
agricultural, consumer, and industrial chemicals. The stock pays a small yield
of 0.8% and trades at a forward PE of 12. The company reports earnings on
Halloween. To see a free list of all the chemical companies including their
yields, go to WallStreetNewsNetwork.com. Full Disclosure: Author did not own any
of the above at the time the article was written. By Stockerblog.com