I constructed a screen to find some promising high-yield, low-risk industrial and defense companies for further research. I made sure the stocks met the following criteria:
Market cap > $1 billion.
Payout ratio < 60%. Three-year dividend growth > 0%.
Here are the best yielding industrial stocks:
Company | Market Cap | Payout | 3-Year Cumulative | Dividend |
(in millions) | Ratio | Dividend Growth | Yield | |
Lockheed Martin (NYSE: LMT ) | $27,392 | 34% | 79% | 3.80% |
Raytheon (NYSE: RTN ) | $16,402 | 31% | 49% | 3.70% |
Northrop Grumman | $18,916 | 26% | 27% | 3.10% |
United Parcel Service (NYSE:UPS ) | $72,073 | 49% | 13% | 2.90% |
Republic Services (NYSE: RSG ) | $11,245 | 50% | 28% | 2.70% |
General Dynamics (NYSE: GD ) | $26,174 | 24% | 42% | 2.70% |
Eaton (NYSE: ETN ) | $17,514 | 37% | 31% | 2.70% |
Emerson Electric (NYSE: EMR ) | $41,620 | 43% | 21% | 2.50% |
Hubbell | $3,780 | 38% | 11% | 2.40% |
ABM Industries | $1,242 | 44% | 12% | 2.40% |
Related Stock Ticker:
LMT, RTN, UPS, RSG, GD, ETN, EMR,
Source: Fool.com