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These auto makers could benefit from increased demand for electric cars Add to ...

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Sustainable dividends set to accelerate on rising demand for electric cars.

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Until Volvo revealed plans to go “electric,” Tesla was sucking all of the oxygen out of the auto industry. The rollout of its $35,000 (U.S.) Model 3 sedan is the latest headline grabber. Still, for Tesla to justify its whopping $51.9-billion market cap, it must prove it can make enough vehicles, including the half-a-million it forecasts for 2018. That challenge will likely keep the stock volatile – and dividend-less.

Auto makers that may benefit from the electric car revolution

Ranking*CompanyTickerMarket Cap ($Bil)**Dividend YieldPointsDividend Sustainability Rating
1Ford Motor Co.F-N45.35.28Above-average
2Toyota Motor Corp.TM-N179.13.68Above-average
3Nissan Motor Co.NSANY-OTC43.94.28Above-average
4Honda Motor Co.HMC-N49.93.18Above-average
5Magna International Inc. MG-T23.52.57Above-average
6Linamar Corp.LNR-T4.40.77Above-average

Source: Dividend Advisor; *Ranking is determined by TSI Dividend Sustainability Score. Where overall points are the same, analysts considered P/E, dividend yield and industry outlook to decide final placements.**Market cap is in native currency.

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