The new year often brings hope and a sense of calm to the world. However, we can’t sleep too long on the continued conflict facing the world. The Russian invasion of Ukraine is still going strong and there is plenty of uncertainty across the board. For our latest Best Dividend Protection Stocks Model Portfolio pick, this is just business as usual. Investors can grab the stock before Thursday, January 19, when the stock goes ex-dividend with a regular quarterly payout of $1.26 per share!
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all stocks.
Our pick is one of the largest defense contractors in the world, providing shipbuilding, aerospace and weapons systems capabilities, which has seen its revenues and backlogs surge as Uncle Sam and NATO continued to boost defense budgets. And as one of the few bipartisan items for Congress, defense spending is expected to grow further in the new budget year.
But where our pick is finding wins remains in its other aerospace avenues – namely, space and private airplanes. The firm has a long legacy in space operations for both private and government use. At the same time, its private jet division continues to see rising sales as the mass affluent turn toward alternative travel methods.
The combination of steady cash flow from its military operations coupled with higher margins from growth avenues continued to support and boost our pick’s cash flow and dividend yield. This makes it an ideal stock for conservative investors looking for success.
