Just thoughts on LMT / NOC for dividends and dividend growth / future space technology
I was noodling on dividends and also growth stocks as I feel like on a long horizon of 10-30 years, space technology is going to be a dominant sector...that lead me to think about the major defense contractors as I know they are also big into aerospace and technology which I feel dovetail into future space technology and exploration. So I was looking at LMT and NOC because it feels like they may have good future growth and are dividend payers....NOC offers a lower dividend yield of around 2% but has been raising it by an average of around 10% per year over the last 5 and 10 years. The payout ratio is around 35% sp it looks well protected.
In regards to future tech / space tech, they are behind the James Webb telescope and Deep Space and they are playera in satellite tech and military satellites.
It recently closed near its 52 week low, so I feel like it could be a good entry point
LMT currently pays a dividend around 2.7% with 5 year growth of 5%-7% and over 20 years of consecutive payouts...the payout ratio sits around 50%
In regards to future tech / space tech, they are behind the Orion spacecraft and also military satellites and communications.
Its trading at a little below its 52 week range currently.
Now, im not arguing that ive found the next secret investment or anything no one has thought of, and im sure a lot of these thoughts are priced into the stock prive..but they do look reliable, and as we get closer and closer to the future of a space technology boom, I think its reasonable to believe stocks like these would garner more attention.
Im also confident that war making and the US Govt will never go out of style....they just cant quit each other lol so I think these could be a good blend of safe griwth investments that pay a reliable and growing dividend.
Does anyone else have thoughts on these two or other companies in the defense industry I should look at? Im a novice investor looking to learn. I have not done a dive into finacials on these two yet, and that's my next step, but i was curious enough to bring these thoughts to the table.