The Speaker of the House showdown proved that dysfunction remains alive and well in Washington. That is, except when it comes to defense spending. Rising defense spending continues to be one of the few bipartisan topics on the Hill. And our latest Best Dividend Protection Stocks Model Portfolio pick loves that fact. Our pick has been able to guide rising defense spending into two decades’ worth of dividend increases.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
Our pick is one of the largest defense contractors in the world, supplying plenty of planes, weapons systems and other needed defense gear to Uncle Sam. And lately, the firm has continued to rack up wins for its NATO partners as defense budgets continue to rise across the board in the wake of geopolitical unrest.
At the same time, growth can be had in the final frontier of space. Our pick recently won a massive contract that could lead to an extra $10+ billion revenues for its backlog over the next few years.
With that extra oomph and continued increases in defense spending, our pick makes an ideal play for conservative investors and their portfolios.
