Russia’s full-scale invasion of Ukraine has forced many investors to reevaluate their portfolios. War, surging commodity prices and macroeconomic uncertainty have contributed to a bear market in equities. In this environment, defense contractors with a track record of dividend growth have attracted renewed interest from income investors, including our latest reaffirmation in the Best Industrial Dividend Stocks List. Since making it to our list back on November 19, 2021, our pick provided a price return of 10.8% – vastly outperforming the well-diversified S&P 500 Index. Investors can consider adding this defense pick in their portfolios before Thursday, Aug 18, 2022, when the stock goes ex-dividend with a regular payout of $0.55 per share.
Our latest pick is a blue-chip defense contractor that has significantly outperformed the broader market since it was added to our list late last year. Strong revenue growth and $150+ billion in order backlog suggest that our pick will continue to add value to income investors’ portfolios over time. Having the U.S. government as one of the major clients also doesn’t hurt.
You can check out the Best Industrial Dividend Stocks List.
