While their payouts tend to be above average, income investors don't buy Dividend Aristocrats just because they pay well. The fact that a company has raised its dividend annually for at least 25 consecutive years is also evidence that it's a growing business with reliable earnings and cash flow and that it can raise its dividend in good times and in bad.
That description fits Raytheon Technologies (NYSE: RTX) , Emerson Electric (NYSE: EMR), and Roper Technologies (NYSE: ROP) to a T, and these three industrial stocks have even more exciting growth prospects in 2023. Let's find out what these three have planned.
2022 has been a curious year for aerospace and defense giant Raytheon. Management started the year expecting solid increases in profitability from its commercial aerospace businesses (Collins Aerospace and Pratt & Whitney), and solid increases in earnings from its defense-focused businesses (Raytheon Intelligence & Space or RIS, and Raytheon Missiles & Defense or RMD).
For further details see:
3 Dividend Aristocrats That Need to Be on Your Radar for 2023