Embark on a journey with a steadfast star of our Best Sector Dividend Stocks model portfolio, a high-performing stalwart in the Aerospace & Defense industry. This year, the stock is down nearly 8%, inline with the industrials sector but lags the S&P 500.
However, since making it to our portfolio in November 2021, this dividend dynamo has outperformed the Industrial Select Sector SPDR Fund benchmark, delivering a compelling return of 31.13% compared to the benchmark’s -7.67%. With an attractive yield surpassing the sector’s average of 1.66%, this stock exhibits a resilient financial profile and a low-risk character, evidenced by its 0.67 beta.
Drawing attention with its impressive two-decade-long dividend increase track record, it stands tall in the top 10% of dividend stocks. A further dividend hike is on the horizon, adding to the appeal of this well-covered large-cap stock. The anticipation is building as an unchanged qualified $3.000/share payout goes ex-dividend two Wednesdays from now on May 31.
Our methodology optimizes for an equal blend of yield, dividend safety, returns potential, and risk – specifically within the industrials dividend stock universe. Dive deeper into our detailed stock analysis to learn why this stalwart has been reaffirmed in our model portfolio. Discover its potential for delivering robust dividends and strengthening portfolio diversification.
