NOC - Undervalued And Misunderstood: Why Northrop Grumman Is A High-Conviction Buy
2024-05-31 13:51:17 ET
Summary
- My dividend portfolio is heavily invested in defense contractors, focused on innovation.
- Northrop Grumman, one of the companies in my portfolio, has underperformed recently but has a strong historical track record and potential for growth.
- Northrop Grumman recently increased its dividend for the 21st consecutive year, demonstrating confidence in its future prospects.
- Thanks to promising growth projects and increasing profitability, I believe NOC remains misunderstood and in a great spot to generate elevated returns on a consistent basis.
Introduction
Most readers will be aware that my dividend growth portfolio is massively overweight defense contractors.
As we can see in the overview below, $0.22 of every $1.00 in my dividend growth portfolio is invested in the aerospace & defense industry.
Leo Nelissen - Dividend Growth Portfolio
In this sector, I own four companies. Three of which have done very well recently....
Undervalued And Misunderstood: Why Northrop Grumman Is A High-Conviction Buy