Featured MNV Articles:

SCHN Named 'Top Dividend Stock of the S&P Metals & Mining Index' at Dividend Channel With 1.4% Yield

Play Video: The Importance of ETFs If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Free Email Alerts By Stock: Get Dividend Alerts Get SEC Filing Alerts

Schnitzer Steel Industries Inc (SCHN) has been named as the ''Top Dividend Stock of the S&P Metals and Mining Select Industry Index'', according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among the components of the S&P Metals & Mining Index, SCHN shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Schnitzer Steel Industries Inc, and favorable long-term multi-year growth rates in key fundamental data points.

Start slideshow:
10 Top Ranked S&P Metals & Mining Components »

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The S&P Metals and Mining Select Industry Index is one of the prominent indices that covers the metals and mining industry. Click here to see the most popular ETF that follows this index, and see the components and their weights, at ETFChannel.com »

The current annualized dividend paid by Schnitzer Steel Industries Inc is $0.75/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/09/2021. Below is a long-term dividend history chart for SCHN, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.