The dividend stocks we’ve discovered could gain due to the current Russia-Ukraine conflict
SmallCapPower | March 7, 2022: During periods of armed conflict, aerospace and defensive stocks typically see share price appreciation, along with a steady income stream that dividend stocks offer. Today we have uncovered three aerospace and defense dividend stocks that could outperform in a period of increasing global military conflicts.
*Share price data and other metrics as of March 4, 2022
Magellan Aerospace Corp. (TSX:MAL) – $10.10
Aerospace and Defence
Magellan Aerospace supplies components to the aerospace industry. It has two major product groups: aero-structures and aero-engines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The Company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.
- Market Cap: $583.1M
- 7-Day Return: +1.7%
- 30-Day Return: +3.0%
- 30-Day Average Trading Volume: 10,573
- Dividend Yield: 4.2%
Lockheed Martin Corporation (NYSE:LMT) – $447.97
Aerospace and Defence
Lockheed Martin is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Company also provides a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. It serves both U.S. and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the U.S. Government. The Company operates in four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space Systems.
- Market Cap: $124.8B
- 7-Day Return: +11.9%
- 30-Day Return: +16.8%
- 30-Day Average Trading Volume: 2,888,096
- Dividend Yield: 2.4%
General Dynamics Corporation (NYSE:GD) – $238.08
Aerospace and Defence
General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions; and shipbuilding and ship repair. The Company operates through four business groups and each group has several business units. Each business has responsibility for its strategy and operational performance, providing the flexibility it needs to stay close to customers, perform on programs and remain agile. General Dynamics’ team delivers on its commitments to shareholders through disciplined backlog execution, efficient cash-flow conversion and prudent capital deployment.
- Market Cap: $68.1B
- 7-Day Return: +7.6%
- 30-Day Return: +15.6%
- 30-Day Average Trading Volume: 1,689,933
- Dividend Yield: 1.9%
To read our full disclosure, please click on the button below:
