With the wildfires in California currently blazing and the dueling hurricanes of Harvey and Irma still fresh in our minds, it’s easy to see that our world is in a dangerous place. And that danger doesn’t seem to be abating anytime soon.
Law enforcement and emergency services seem to be up to the task, however. Spending across municipal, state and federal agencies for law enforcement and emergency services has only risen. And that’s continued to buoy our communications Best Dividend Stocks List’s pick. Our chosen firm provides a whole host of communications and mission critical products that meet security standards for these various agencies. And as the dominant leader in the sector, our pick has continued to rackup a multitude of contracts.
See our original article on our pick here.
But our pick is more than a provider of walkie-talkies. Its greatest asset remains its services portfolio of digital and software applications. These recurring revenue opportunities means that our best dividend stock pick will be able keep the profits and dividends coming far into the future. Already, since making our selection, our chosen stock has upped its dividend twice.
To summarize, here are five reasons why you should own this stock:
- $6 billion in revenue and $1.2 billion in operating cash flow in 2016.
- Global giant featuring over 100,000 customers across more than 100 countries.
- A huge diversified moat of products and services, with more than 40% of revenue now coming through different service sources.
- Steadily increased its dividend since its spinout back in 2011. The latest was another 10%+ increase.
- Healthy payout ratio of 40% and yield of 2.24%.
