HII - Huntington Ingalls Industries: This Dividend Grower Is Worth A Look Now

2024-07-03 07:30:00 ET

Summary

• Huntington Ingalls' business model has allowed it to deliver steady dividend growth to shareholders in recent years.
• The company's revenue climbed to a record high in the first quarter while diluted EPS also surged higher.
• HII's interest coverage ratio for the quarter was healthy.
• Shares of the defense contractor could be priced at a 9% discount to fair value.
• HII could be positioned to post 14% annual total returns through 2026.

The name of the game in dividend growth investing is twofold: 1) Buy quality companies and 2) Be patient enough to let them compound.

When given enough time to do their thing, great businesses can work miracles for dividend growth investors....

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