While it may not be in the headlines as prominently as before, the crisis in the Ukraine is still ongoing and the world remains on high alert. With new threats on the horizon, defense budgets remain robust, with global approved spending surging this year. For our latest Best Dividend Stocks Model Portfolio pick, all of this conflict continues to produce rising sales, plenty of cash flow, and a monster backlog. It produces plenty of shareholder rewards as well. Investors can take advantage of the firm’s 2.25% yield and nearly 5% dividend increase by buying the stock before it goes ex-dividend on Thursday, April 13!
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
Our pick has been providing defense and aerospace solutions since the 1950s. This position during the Cold War made our pick one of Uncle Sam’s favorites. Since then, our pick has continued to develop land, sea and air weapons systems for NATO and the U.S. government.
The best part is that our pick remains very active in the private sector as well.
It is already one of the largest producers of private aviation and smaller commercial jets. With continued growth here, our pick has been able to realize additional cash flow to its bottom line. At the same time, our pick remains a top player in the burgeoning space market. Through both government and private sector participation, our pick’s space operations and mission control businesses have been booming! With high margins and a wide moat, our pick has plenty of growth in this area.
The end all be all for investors is that our pick has plenty of plenty of current and future cash flow to make it a top stock for dividend seekers.
In addition to our defense contractor pick, we’ve increased our position in a money-center bank and have decreased our positions in a snack food maker and semiconductor stock.
