Dividend Yield: 3.6%
Next on the list is one of Northrop Grumman’s competitors, Raytheon (NYSE:RTN). Raytheon offers integrated defense systems, including integrated air and missile defense, naval combat systems and intelligence systems.
Raytheon is priced comparably to Northrop Grumman, trading for just 9 times earnings, and it yields 3.6%.
The entire defense sector is attractively priced at this time, and Northrop Grumman and Raytheon are two excellent dividend stocks.