This High RoE, High Dividend Yield Cement Stock is on the verge of breakout!

The stock has gained almost 50 per cent in one year. In one month the stock is up by nearly 6 per cent.

High dividends is considered a sign of stability and maturity in any company, however if a company records a profit growth of 55.27 per cent CAGR over the past five years we can call it a growth company as well. It is rare to find a high growth company with high dividend yield.

Heidelberg cement is one such quality cement company with strong financials and higher dividend payout of more than 54 per cent. At current prices the dividend yield works out to be close to 3 per cent. This dividend yield is above the industry average dividend yield. 

Heidelberg cement is almost debt free and is riding on the good business environment faced by the cement sector overall.Technically also Heidelberg cement is showing strong intermediate uptrend. The stock is showing signs of breaking out from consolidation of past two weeks even as the counter is trading above 20 DMA and 50 DMA .

The stock has gained almost 50 per cent in one year. In one month the stock is up by nearly 6 per cent. Heidelberg cement, in 2021 has gained in almost every month, except January- indicating consistency in performance.