If you’ve been reading the headlines lately, you may have noticed lofty projections for industrial stocks in 2023. The sector has posted positive earnings surprises as of late, easing fears about a prolonged recession over the horizon. Although industrial stocks don’t often provide big dividend paydays, they remain an important bellwether for the U.S. economy. Our latest reaffirmation in the Best Industrial Dividend Stocks List is a leading defense contractor that has benefited greatly from Washington’s ever-expanding military budget. Our pick has declared its next dividend payout of $1.24 per share and investors have until Thursday Feb. 23, its next ex-dividend date, to consider our latest pick in their portfolios.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.
Recession or not, our pick is a major contractor to several branches of the United States government. Solid top-line growth, positive fiscal 2023 guidance and steady dividend payouts make our pick an alluring investment option for risk-averse income seekers.
