3 Cheap Companies With Strong Fundamentals Set To Double Dividends In 5 Years
By The Independent Investor:No one ever wants to own stocks that aren't household names. While companies such as Apple (AAPL), McDonald's (MCD), and Phillip Morris' spinoff Altria (MO) get all the attention, companies in the defense sector have quietly been consistently raising dividend payouts by over 15% a year the last couple years.The defense sector has fallen out of favor with many investors because of a fear of cuts in spending and an end to major conflicts in Iraq and Afghanistan. Also, the belief that Republicans are more hawkish on military spending has not helped theses stocks either.Today, with the S&P 500 and its tracking exchange traded fund, SPY (SPY), off nearly 10% in the last month, dividend investing has become popular once again. Still, many leading dividend stocks such as Altria and McDonald's are trading at or near 52-week highs.
Northrop Grumman (NOC) is a nearly $15 billion aerospaceComplete Story »