Ahead of major defense manufacturer Raytheon’s 80 cent payout, the stock spiked 3 places on the Most Watched Stocks List. This dividend payout is in the midst of Donald Trump issuing yet another ominous message to North Korea in which he said that “only one thing will work” against the dictatorial regime.
Raytheon has been on a massive bull run ever since Trump was elected. The day Trump was elected, the stock spiked 7%, and since that day, the stock has gone up more than 28% and hiked its dividend by more than 9%. In spite of delivering such stellar numbers, the best days for this stock could still be ahead, because the company has room to grow its dividend as the payout ratio remains in the mid-40s. The current yield of 1.7% doesn’t look as attractive because the stock has run-up a lot in recent months.
Raytheon and other defense manufacturers have constantly featured in our list as they tend to gain places every week due to geopolitical tensions and war rhetoric from world leaders. Last week, it was Boeing that jumped one spot, while the week before, it was United Technologies that jumped 3 places.
Target and UPS have also been moving up in the list ahead of seasonal revenue gains, which are expected in the next 2-3 months as the holiday season approaches.
Mattel, the toy maker, was ranked 84th in the list in July but has now fallen to 92 after it cut its dividend.
These rank changes in the list have a positive relationship with the way the stock behaves in the financial markets. Strong companies that are big dividend plays in the coming future move up in the list before the market realizes their potential.
Our Most Watched Stocks List is a user-generated, interest-based ranking of dividend-paying stocks, giving you a real-time snapshot of buying interest in the market. Generated by our Premium members’ watchlists, it’s aggregated and ranked by the most watched criteria.
The list has been designed to help income investors navigate the top dividend stocks being tracked by one of the world’s most advanced investing communities.