2024-04-09 11:56:24 ET
Summary
- Huntington Ingalls Industries, Inc. is an underappreciated dividend growth stock in the defense industry.
- Huntington Ingalls Industries is a key player in shaping America's naval strength, with a strong backlog and a focus on innovation.
- Despite recent gains, Huntington Ingalls remains attractively valued and poised to deliver double-digit annual returns.
Introduction
It's time to discuss a company I believe is one of the most underappreciated dividend growth stocks.
That company is Huntington Ingalls Industries, Inc. ( HII ) , one of the largest defense constructors in the United States and the backbone of the Navy.
I held the company for a while in my dividend growth portfolio before I decided to sell it. As weird as that may sound, given that I just called it "underappreciated," my decision was solely based on me being massively overweight defense companies....
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For further details see:
Defense Dividends Done Right: Why Huntington Ingalls Remains A Top Pick