Dividend on the rise: steady payout growth for 23 years

This time we looked at a company that focuses on the development of advanced technologies in the fields of defence, aerospace and space systems. The company, which raised its dividend to $1.20 per share in 2023, an increase of 3.4% from the previous year, has a long-term and stable dividend policy. This dividend growth is in line with the overall trend of regularly increasing annual payouts from $1.68 to the current $4.64 per share since 2015, which equates to an average annual growth rate of 11%. Thanks to its solid financial position and stable cash flow, the company has been able to maintain a high payout ratio and continue to reward shareholders, although its earnings per share have shown only modest growth.

Even in a challenging environment, the company maintains a healthy balance between paying dividends and reinvesting earnings. It expects earnings per share growth of 74.2% in 2024, with an estimated payout ratio of 37%. This approach to dividend sustainability suggests a strong…