Space: the final frontier. Or, maybe it’s not so final afterall. Thanks to advances in technology, we may be traveling into space before you know it. And at the forefront of that surge in space exploration and travel is our latest addition to the Best Dividend Growth Stocks Model Portfolio. Our latest pick has a long history of delivering big wins for investors, including its strong pace of dividend growth over the last two decades!
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
Our pick remains one of the nation’s largest defense contractors, delivering plenty of aerospace muscle for Uncle Sam and our NATO allies. But increasingly, Uncle Sam has tapped our pick to build and send satellites into orbit. Now, private firms have also begun tapping our pick for its expertise in the realm of outer space.
The end result is a defense giant with plenty of high growth behind it. And investors continue to profit from that growth as the stock has supported its cash flow with increasing sales and a monster-sized backlog. In the end, our pick remains a top play for investors seeking an increasing yield.
In order to make room for our new aerospace pick, we’ve been forced to remove an industrial engine manufacturer from the list.
