Defense sector surges amid geopolitical tensions, driven by Russia-Ukraine conflict and Middle East instability.
Key stocks like Northrop Grumman, Rheinmetall, and Dassault Aviation offer dividend yields and growth potential.European nations boost defense budgets amid fears of further Russian aggression and potential U.S. policy changes.A similar trend can be seen in the STOXX Europe Total Market Aerospace & Defense index.
Additionally, the agreement facilitates research and development opportunities, empowering Northrop Grumman to swiftly implement advanced AI technologies, thereby enhancing operational efficiency.), Germany's largest arms manufacturer and one of Europe's largest, was formerly known as Rheinmetall Berlin before adopting its current name in 1996. Established in 1889, its headquarters are located in Düsseldorf, Germany.It reports its quarterly results on August 8.
On May 22, the company is set to distribute a dividend of €3.37 per share. To be eligible to receive this dividend, shareholders must hold their shares before May 20.On May 29 we will know its numbers. The forecast for 2024 is for an increase in EPS of 10.4% and revenue of 26%.The company has received a total of 14 ratings, comprising 6 buy ratings and 8 hold ratings, with none being sell ratings.
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