It’s been said flying is the second greatest thrill known to
man and landing the first. I’m not sure
I agree with that order, but having learned to fly 25 years ago and holding a
valid flight instructor certificate today means I’ve invested considerably in
that arena. I’ve received a wonderful
return on that investment during that time.
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| Aerospace Champions, Contenders, and Challengers. |
Given that perspective, I wanted to share 7 firms in the
Aerospace industry that are Dividend Champions, Contenders, or
Challengers.
As with the
Agriculture CCC,
the aerospace firms can be found at
www.DRIPinvesting.org.
Companies shown in this post were members of
their respective lists on 9.28.18.
Brief
profiles were excerpted from company information found on Yahoo.finance.
Champions
General Dynamics:
Dividend years - 27. Yield 1.82%.
General Dynamics Corporation operates
as an aerospace and defense company worldwide. It operates through four
business groups: Aerospace; Combat Systems; Information Systems and Technology;
and Marine Systems. The Aerospace group designs, develops, manufactures,
service and supports business-jet aircraft; and provides aircraft services, such
as maintenance, aircraft management, charter, fixed-base operational, and
staffing services.
Contenders
HEICO Corp.: Dividend
years - 11. Yield 0.13%.
HEICO Corporation, through its
subsidiaries, designs, manufactures, and sells aerospace, defense, and
electronic related products and services in the United States and
internationally. The company's Flight Support Group segment provides jet engine
and aircraft component replacement parts; thermal insulation blankets and
parts; renewable/reusable insulation systems; and specialty components for
aerospace and industrial original equipment manufacturers, and the United
States government.
L3 Technologies Inc.:
Dividends years - 15. Yield 1.51%
L3 Technologies, Inc. provides
aerospace systems, communication, electronic, and sensor systems used on
military, homeland security, and commercial platforms in the United States and
internationally. It offers simulation and training, night vision and image
intensification equipment, and security and detection systems; and components,
products, subsystems, and systems, as well as related services to military and
commercial customers in various business areas, such as total training
solutions, power and propulsion systems, aviation products, precision
engagement systems, and security and detection systems.
Lockheed Martin:
Dividend years - 16. Yield 2.54%.
Lockheed Martin Corporation, a
security and aerospace company, engages in the research, design, development,
manufacture, integration, and sustainment of technology systems, products, and
services worldwide. It operates through four segments: Aeronautics, Missiles
and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
Northrop Grumman:
Dividend years - 15. Yield 1.51%.
Northrop Grumman Corporation operates
as a security company for government and commercial customers worldwide. It
provides products, systems, and solutions in autonomous systems; cyber;
command, control, communications and computers, intelligence, surveillance, and
reconnaissance (C4ISR); strike; and logistics and modernization. The company
operates through three segments: Aerospace Systems, Mission Systems, and
Technology Services. The Aerospace Systems segment designs, develops,
integrates, and produces manned aircraft, autonomous systems, spacecraft,
high-energy laser systems, microelectronics, and other systems/subsystems.
Raytheon Company:
Dividend years – 14. Yield 1.68%
Raytheon Company develops integrated
products, services, and solutions for defense and other government markets
worldwide. It operates through five segments: Integrated Defense Systems (IDS);
Intelligence, Information and Services (IIS); Missile Systems (MS); Space and
Airborne Systems (SAS); and Forcepoint.
Challengers
Boeing Company:
Dividend years - 7. Yield 1.84%.
The Boeing Company, together with its
subsidiaries, designs, develops, manufactures, sales, services, and supports
commercial jetliners, military aircraft, satellites, missile defense, human
space flight, and launch systems and services worldwide. The company operates
in four segments: Commercial Airplanes; Defense, Space & Security; Global
Services; and Boeing Capital. The Commercial Airplanes segment provides
commercial jet aircraft for passenger and cargo requirements, and fleet support
services, principally to the commercial airline industry.
 |
| Piper Archer |
The flight time I’ve cobbled together in my logbook consists
primarily of Cessna, Beechcraft, and Piper aircraft which are Textron companies
or built by privately held firms.
As a
result, none are in the CCC list.
However, the degree to which I’ve been involved in aviation compels me
to keep an eye on Dividend stocks in the aerospace sector.
Who knows, maybe someday I’ll own the stock
equivalent of a Boeing 737 aileron?
If you have a sector of dividend stocks in which you’re
interested from an investment perspective, you can certainly explore multiple
opportunities in the universe of Dividend CCC.
The thoughts and opinions expressed here are those of the
author, who is not a financial professional, and therefore should not be
considered as investment advice. This
information is presented for education and entertainment purposes only. For specific investment advice or assistance,
please contact a registered investment advisor, licensed broker, or other
financial professional.
