Uncle Sam always pays his bills on time. So, when the U.S. government is your biggest client, you know your cash flows are safe. Even better is when you operate in one of the few bipartisan industries on the planet. The combination has made our latest Best Industrial Dividend Stocks List pick a dividend giant throughout its history.
Our new stock is one of the largest defense contractors out there, with a portfolio that spans various combat systems as well as submarines and battleships. This has allowed our pick to carve out a special niche among defense contractors, making it the go-to name whenever Uncle Sam needs new boats for his bathtub.
And with large price tags and long-term contracts, it’s also allowed our pick to grow its dividend for three straight decades. The stock is expected to go ex-dividend next on Wednesday, April 20, 2022 (estimated date).
Even though the political climate appears to be dicey, defense spending is still set to rise further over the next few years. This should help buoy our pick’s earnings and strengthen its dividend. Its growing commercial aviation business is only icing on the cake.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.
