The best offense could be a great defense. And in this case we’re talking about defense and aerospace stocks. Thanks to rising budgets, stocks within the sector have continued to feast. And that includes our latest Best Dividend Protection Stocks Model Portfolio pick. With surging earnings, our pick was able to increase its dividend by nearly 5%, building on its more than 25-year streak of steadily rising payouts!
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
The secret to our pick’s success remains its triple play of served areas. For starters, it continues to garner plenty of military and defense contracts from Uncle Sam and his NATO allies. With defense spending rising in the wake of the invasion of Ukraine, our pick has continued to see its backlog and sales rise.
But our pick also has a huge business/commercial side as well. With private jet spending also surging, our pick has continued to rack up additional revenues as airlines beef-up their fleets.
And finally, our pick remains one of the top names heading into the final frontier of space. With government and commercial contracts for various space gear and monitoring, our pick has a new runway to tap for future revenue growth.
The end result is a great name for conservative investors. One that has plenty of steady revenues today and beyond.
