Top 3 Dividend Paying Aerospace & Defense Stocks
By:NewsyStocks   Thursday, July 21, 2021 10:47 AM

The aerospace industry is big in United States, a total of 6,027 aerospace companies operate in the U.S. These companies are involved in making aircraft to manufacturing missiles, space vehicles and tanks and tanks components.  Today, we decided to bring you the best dividend paying aerospace industry stocks with high returns.

The company that tops the list with a high dividend yield is Lockheed Martin Corp. (NYSE: LMT), which has a market capitalization of $27.1 billion. The company has a dividend yield of 3.87 percent and a 1-year return on its stock of 4.7 percent. The company is a global security company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. The company has debt of $5.02 billion and a debt-to-equity ratio of 132.50, with cash balance of $3.58 billion. On June 23, 2011, the company declared its regular cash dividend of $0.75 per share payable on September 23, 2011. In the last 5-years, the company's earnings growth have been 11.50 percent. Analysts estimate that the stock is at a discount of 11.69 percent and the company has a Beta of 1, which is appropriate for all kind of investors. LMT last traded up 1.24 percent to $78.40 per share.

Raytheon Co. (NYSE: RTN) is second on the list of best aerospace companies with a high dividend yield. The company, together with its subsidiaries, is a technology company that specializes in defense, homeland security and other government markets. Raytheon has a total market capitalization of $16.2 billion and a dividend yield of 3.79 percent. The company has given a negative return on its stock in the last year. However, in the last five years, the returns have been 22.30 percent. The company has total debt of $3.61 billion and a debt to equity ratio of 35.92, with a cash balance of $1.70 billion. On May 26, the company declared its quarterly dividend of $0.43 a share, payable to stockholders on August 11, 2011. Analysts estimate that the stock is at a discount of 20.30 percent and the company has a Beta of 0.7, which means that the stock has low volatility. RTN last traded higher by 0.70 percent to $45.75 a share.

Northrop Grumman Corp. (NYSE: NOC), is an integrated enterprise consisting of businesses that cover the entire security spectrum, from underseas to outer space and into cyberspace. The company has a total market capitalization of $108.8 billion and a dividend yield of 3.11 percent. The company has a given a 17.6 percent return on its stock in the last year, and 10.40 percent in the last 5-years.. The company has total debt of $3.98 billion and a debt-to-equity ratio of 31.38, with a cash balance of $2.86 billion, which is not alarming for investors. On April 27, the company declared its quarterly dividend of $0.50 per share, an increase of $0.03 per share, paid to stockholders on June 11, 2011. Analysts estimate that the stock is trading at a discount of 5.91 percent. The company has a Beta of 1.1, marginally above the beta of 1 mark. The stock last traded at $64.41, up 0.06 percent on Tuesday.


 

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