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20-Year-Increasing Defense Contractor Reaffirmed in Best Industrial Dividend Stocks List

During periods of economic uncertainty, counter-cyclical stocks are considered a hedge against prevailing market conditions. Due to their long-standing ties to government contracts, defense companies are often viewed as strong counter-cyclical stocks. Our latest reaffirmation in the Best Industrial Dividend Stocks List is a defense contractor that has returned 28.3% since first being added to our list on Nov 19, 2021. The stock goes ex-dividend on Wednesday, Aug. 31 and investors can expect a regular payout of $2.80 a share.

Our pick is considered one of the leading defense contractors in the United States, receiving tens of billions of dollars in government contracts each year. It recently received a $7.6 billion contract to produce combat aircrafts for the U.S. government. It’s also supplying the government of Ukraine with rocket launchers in its ongoing war with Russia. In other words, there’s no shortage of demand for our pick’s global security and aerospace products.

Income investors will be happy to note that our pick has increased its quarterly dividend payment for 20 consecutive years. Strong price appreciation and a steady dividend payment are positive value drivers given current market conditions.

You can check out the Best Industrial Dividend Stocks List to explore all the stocks.

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