2 High Yield Materials Stocks Expected to Benefit from EV and Semiconductor Demand

Efforts to transition to electric vehicles are gaining momentum, with states such as California establishing new legislation banning the sale of new combustion vehicles by 2035.

In addition, the Science and Chips Act of 2022 will allocate billions of dollars in tax credits to semiconductor companies to build new manufacturing facilities.

Here are two high-yield materials stocks that should benefit from these developments in the electric vehicle and semiconductor sectors.

Southern Copper Corporation SCCO offers a dividend yield of 7.80% or $4.00 per share per year, using quarterly payouts, with an inconsistent history of increasing payouts of dividends. Southern Copper Corp is an integrated producer of copper and other minerals such as molybdenum, silver, zinc, lead and gold, as the company operates mining, smelting and refining facilities in Peru and Mexico.

In the second quarter, Southern Copper saw copper production decrease by 12%, silver production by 4%, molybdenum production by 9%, while zinc production decreased by 12% compared to the previous quarter of the year.

Jump to: Could a 17-year-old revolutionize electric vehicles and reduce his dependence on rare earth metals?< /p>

Dow Inc DOW offers a dividend yield of 5.10% or $2.80 per share per year, using quarterly payments, with no dividend increases over the past year . Dow is a diversified chemical manufacturing company, with a portfolio consisting of six global business units, organized into three operating segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings.

In 2021, Dow had net sales of $55 billion, with 104 manufacturing sites in 31 countries, employing approximately 35,700 workers.

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