Wednesday, 1 August 2018

Technology Conglomerate with 450% Total Payout Growth Solidifies Its Position on Best Dividend Stocks List


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Former Industrial Pick Fends Off Trade War Fears to Return to Best Dividend Stocks List

Dividend.com has added an industrial manufacturer to the Best Dividend Stocks List and removed a community bank from the list.

It’s no secret that America’s manufacturing base is humming along. Thanks to increasing global demand, lowered taxes and rising economic growth, the boring old industrials are once again considered “hot money.” And a re-added former Best Dividend Stocks List member is ready to take advantage of this.

After being removed only a month ago, our former industrial pick is back on the prowl with strong sales records and a much-improved guidance situation. The threat of a global trade war hasn’t seemed to affect our pick in any way.

That improved sales picture stems from its expertise in aerospace engineering, both in the commercial and defense segments. Here, our pick continues to see double-digit growth and a massive backlog of future sales activity. Meanwhile, its plans for some game-changing M&A have continued to progress nicely. Those plans will only strengthen its dominance in aerospace even further.

All of this will continue to translate into rising dividend growth and profits down the road – one of the reasons we were attracted to our pick the first time.

 

To summarize, here are five reasons why you should own this stock:

  • Continues to see high free cash flow generation benefiting its dividend growth. Our pick has grown its dividend payout by more than 32% over the last five years.
  • Mega-merger will make the pick the top play in the digital aerospace and Industrial Internet of Things (IIoT) market.
  • Re-upped its revenue guidance to nearly $64 billion this year on improved organic growth of nearly 6%.
  • Global product portfolio spanning government and private clients in a variety of industrial markets.
  • Healthy payout ratio of 38% and growing yield of 2.08%.
Stock Symbol  Unlock   Company Name  Unlock
DARS Rating 5.0   Current Yield 2.08%
Ex-Div Date  Unlock   Pay Date  Unlock
All data in the table above updated as of 07/31/2018.

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MORE ABOUT THIS STOCK

Trailing 5-Year Dividend Payout History

  • Annualized Growth Over The Last 5 Years: 6.0%.

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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