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30-Year-Increasing Aerospace & Defense Contractor Added to Best Dividend Stocks Model Portfolio

Truth be told, megamergers often fall flat and don’t really live up to the hype. However, every once in a while one comes along that really makes sense. This is exactly the case for our newest Best Dividend Stocks Model Portfolio pick. Following its amalgamation, our pick has become a giant in its industry, rewarding shareholders along the way. The latest was a big 7.3% dividend increase that investors can grab before the stock goes ex-dividend on Friday, May 19!

You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.

As we said, our pick was a combination of two powerhouses in the defense and aerospace industries. After building their respective businesses and jettisoning some non-core assets, our pick’s predecessors merged to form one of the largest aviation companies on the planet.

With products spanning government, military and private markets, our pick has quickly become a go-to for contracts both big and small.

Aside from our pick’s huge backlog, it has found new ways to grow as well. Forays into the connected aerospace, IoT and real-time data mining for the so-called connected aerospace market are starting to pay real benefits for its bottom line and its customers. Meanwhile, rising defense budgets across the globe have continued to support its cash flow and contract wins.

All in all, our pick has overturned the notion that megamergers don’t usually work and investors have profited handsomely from that fact.

In order to make room for our new pick, we’ve removed a P&C insurer from the portfolio.

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