22 Defense Stocks with Dividends for High Returns - 2024

Investing in defense stocks offers a unique opportunity to gain exposure to an industry that plays a critical role in global security and economic stability. Defense companies are known for their long-term government contracts, advanced technology development, and consistent demand, making them resilient even during market downturns. When these companies also offer dividends, they become even more attractive to investors looking for stable, income-generating assets. We’ll explore a list of top defense stocks with dividends, providing you with opportunities to benefit from both the growth potential of the defense sector and the steady income from dividend payouts.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
Lockheed Martin2.46%45.66%18.41%17.07%0.99%8.18%9.78%
Booz Allen Hamilton1.38%31.52%23.06%15.92%0.75%19.86%3.07%
Raytheon Technologies2.09%67.44%33.49%2.59%0.08%-3.93%0.56%
BWX Technologies0.74%31.58%43.14%11.28%0.28%7.53%10.47%
L3Harris Technologies1.95%72.99%37.41%2.38%0.06%12.68%11.18%
Northrop Grumman1.68%49.22%29.52%4.75%0.16%9.33%11.92%
General Dynamics2.03%41.22%20.75%3.29%0.17%7.54%12.00%
Target3.44%46.70%13.64%4.12%0.31%11.59%10.68%
Mowi3.33%68.87%21.06%2.49%0.12%-6.43%0.00%
North West3.02%56.17%18.73%3.47%0.19%3.77%3.24%
HEICO0.08%6.34%78.00%10.53%0.14%6.28%-7.15%
Textron0.10%1.36%17.64%2.24%0.13%0.00%0.00%
Elbit Systems0.99%34.56%43.11%3.67%0.09%2.58%5.24%
Huntington Ingalls Industries1.96%29.24%11.21%1.87%0.17%10.70%25.94%
Woodward0.55%15.63%28.90%4.95%0.17%9.07%10.65%
Hexcel0.96%44.13%47.22%3.21%0.07%1.25%0.00%
Kaman0.87%194.08%149.14%1.88%0.01%0.00%2.26%
Park Aerospace3.25%146.09%44.85%2.82%0.06%-22.11%-10.63%
Ituran Location and Control4.84%44.37%11.18%3.17%0.29%-6.47%-1.73%
Dassault Aviation1.78%27.19%15.31%2.52%0.17%-23.16%-9.19%
Bharat Electronics0.75%0.00%46.90%12.06%0.28%-2.09%-22.25%
Howmet Aerospace0.27%9.01%43.88%10.50%0.25%-6.66%0.00%