A strong defense could be the best offense around. The world is finding that out the hard way with the continued crisis in the Ukraine. As the conflict shows no signs of stopping, several countries have looked to boost their armies and defenses – and that’s been a boon for our Best Dividend Stocks Model Portfolio pick.
Our pick is one of the largest defense contractors in the market, pulling in nearly $15 billion in revenues during its last reported quarter. With a massive portfolio of various aerospace and weapons programs, our pick continues to be tapped into by Uncle Sam and friendly foreign governments to provide defense systems.
With its bipartisanship and recent upswings to global defense spending, our pick has plenty of firepower left to support its dividend over the long haul. Watch when the stock goes ex-dividend on Tuesday, May 31.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
