3 Dividend Stocks to Defend Your Income Portfolio

The defense industry holds a number of appealing stocks for dividend growth investors. Constant geopolitical concerns and rising defense budgets around the world provide a strong backdrop for the biggest defense companies. The major defense companies have sustainable dividends, even during recessions, due to the persistent need for global defense. In turn, investors have generated strong returns from defense stocks, as well as steady dividend growth each year.

These defense stocks also offer dividends, making your portfolio safe in more ways than one. Northrop Grumman (NOC): NOC stock currently yields 1.5%. Lockheed Martin (LMT): The stock currently yields 2.9%. Raytheon Technologies (RTX): RTX stock yields 3.2%.

Source: InvestorPlace

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