5 Best Industrial Dividend Stocks For 2021

Page 5 of 5

1. Raytheon Technologies Corporation (NYSE: RTX)

Dividend Yield: 2.14%

On top of our list of the 10 best industrial dividend stocks for 2021 is Raytheon Technologies Corporation.  The Massachusetts, USA-headquartered RTX is an American multinational conglomerate. The company is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. It provides advanced systems and services for commercial, military and government customers. RTX’s principal US government customer is the U.S. Department of Defense (DoD). The merger of Raytheon and United Technologies (manufacturer of Pratt & Whitney engines) in April, 2020 combined two companies with distinctive legacies in transformative technologies. With 195,000 employees worldwide, RTX clocked $98 billion in revenues in 2020.

 As the commercial aviation business is expected to embark on a multi-year recovery, Wall Street analysts expect company’s free-cash-flow could reach $8-9 billion over the next few years. The current price to FCF ratio of around 15-17 makes RTX an attractive value stock.

The stock is up 67.07% over the last 12 months.

You can also take a peek at 10 Best Semiconductor Stocks to Buy in 2021 and 15 Most Valuable Australian Companies.

Page 5 of 5