The world remains on high alert as the Russian-Ukraine crisis continues. Being one of the largest defense contractors, our Best Dividend Protection Stocks Model Portfolio pick continues to benefit, rewarding investors with a 1.1% price return since being added to the portfolio on May 17, 2022. Moreover, our pick has provided a strong 2.1% yield, which investors can catch when the stock goes ex-dividend on Thursday, October 6, with a regular payout of $1.26 per share!
That strength comes from our pick’s position as a major defense contractor. With Uncle Sam and major NATO nations as its biggest clients, our pick has continued to feast on rising sales and a growing backlog.
However, our pick isn’t just a one-trick pony. Thanks to its private aviation business, our pick has continued to see rising sales from high-net-worth individuals and private organizations as COVID-19 related travel restrictions eased.And thanks to its higher margins, our pick has seen its cash flow surge even further.
Overall, our pick’s clientele makes it a top name for conservative dividend seekers.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
