When it comes to sectors, the aerospace industry is all about growth these days – both from Uncle Sam and the private sector. From new technologies and rising defense spending, the sector is one of the real bright spots in the industrial market. And our latest Best Industrial Dividend Stocks List pick could be one of the best.
Our pick is the result of a mega-merger in the industry. This put together two of the largest defense contractors together to form one heck of an aerospace giant. With plenty of weapon’s systems and advanced plans under its umbrella, the surge in defense spending is boosting its bottom line.
But that’s not all. Thanks to the concept of the connect plane and IoT, commercial demand for its software and products is surging. New energy efficient engines and other equipment are getting the nod from the private sector.
The win is surging cash flows and dividend gains. Investors should watch for the stock when it goes ex-dividend next on Friday, September 2 (estimated date).
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.