While the Russia-Ukraine crisis may have fallen off the news headlines, geopolitical tensions remain a top concern for investors. This has boosted the fortunes of the aerospace and defense industry, including our latest Best Dividend Stocks Model Portfolio pick. With a long history of dividend wins under its belt, our pick is currently providing a strong 2.2% yield that investors can take advantage of before the stock goes ex-dividend on Thursday, October 6 with a regular payout of $1.26/share.
Our pick is a defense superstar, with aerospace, missile systems and shipbuilding under its umbrella. The combination of these areas continues to work wonders as Uncle Sam and NATO beef up their capabilities and weapons needs in the current environment.
Meanwhile, our pick has another ace up its sleeve: the private sector. Despite the dips in wealth recently, private aircraft and helicopters remain a hot ticket for the world’s high-net-worth clients. As the leading builder and named brand firm producing these aircrafts, our pick has seen additional non-defense revenues surge.
The end result is a top dividend stock with plenty of cash flow potential.
In order to make room for our new defense pick, we’ve been forced to remove a small regional bank from the portfolio.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
