Increased Law Enforcement Spending Boosts This Best Dividend Stock's Payout by Nearly 11%
No one wants to profit from tragedy. But the reality is, someone has to supply law enforcement with critical supplies and equipment. With conflict and tragedy not abating anytime soon, demand for a variety of mission-critical supplies has only increased. And that’s been a boon for our communications Best Dividend Stocks List’s pick.
From the recent wildfires/mudslides in California and the dueling hurricanes over the summer to the current spate of gun violence in schools, our pick has continued to rack up new contracts from a variety of law enforcement and emergency service outfits. Spending across municipal, state and federal agencies for law enforcement and emergency services has only continued to rise, and as the leading communications specialist serving the sector, our pick has produced strong results since being added to the coveted list.
Even better is that our pick has continued to move beyond equipment and into software and services for law enforcement. The recurring revenue opportunities are enormous and have continued to guide our pick’s growing cash flows and dividend increases. This includes one round of increases since adding the stock to our Best Dividend Stocks List back in January of last year.
Five reasons why you should own this stock:
- Record level of backlog across both product and service verticals during Q3 2017.
- Global giant with over 100,000 customers across more than 100 countries.
- For the nine-months-ending September 30, 2017, net revenue for products and services was up by nearly 5% and 9%, respectively.
- Steadily increased its dividend since its spinout back in 2011. The latest was another 10+% increase.
- Healthy payout ratio of nearly 41% and yield of ~2%.
All data in the table above updated as of 01/31/2018. UPGRADE TO UNLOCK THIS STOCK!
MORE ABOUT THIS STOCK
Trailing 5-Year Dividend Payout History
- Annualized Growth Over The Last 5 Years: 15.4%.
As a dividend investor, you need access to the best and safest stocks on the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception.
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