Dividends4Life: Buy This 8%-Plus Yielding High-Dividend Stock For Dividend Security Going Ex-Dividend Soon

Dividend Growth Stocks News

The dividend cuts keep coming from energy stocks. Linn Energy, (NASDAQ:LINE), cut its distribution by 57% last week. In the past few weeks, Seadrill, (NYSE:SDRL) and Pen West, (NYSE:PWE) have also cut their payouts. SDRL eliminated its distributions altogether, and PWE slashed its payout by 79%. So, where can income investors go for dependable high yields? Many of our recent articles have covered high-yielding REITs, but there's also a standout high yielder in the Basic Materials sector which actually benefits from lower natural gas prices and can help you jump to the winning side of the falling Energy prices equation.

OCI Resources (NYSE:OCIR) is a subsidiary of Atlanta-based OCI Chemical Corporation, which operates the trona ore mining and soda ash production business of OCI Wyoming LLC. OCI Wyoming is one of the largest and lowest cost producers of natural soda ash in the world, serving a global market from its facility in the Green River Basin of Wyoming. (It has the highest soda ash production per employee, and the most efficient production facility in the Green River Basin.) The facility has been in operation for more than 50 years. OCIR has 19% of the US soda ash market.

Source: Seeking Alpha

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