Raytheon (NYSE:RTN) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons he's holding on to Raytheon's stock despite its 75% increase since he bought those shares in February 2013.
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Raytheon earned its spot in the iPIG portfolio in part because of its dividend. The smartest investors know that dividend stocks simply crush their non-dividend-paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby.
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- Raytheon's market capitalization is right around the iPIG portfolio's fair-value estimate.
- Raytheon sports a solid balance sheet with a debt-to-equity ratio around 0.4, which suggests the company should have little trouble rolling over its debt in the near future.
- Raytheon has a healthy, well-covered dividend with recent growth and room to continue growing as the company does.
To follow the IPIG portfolio as buy and sell decisions are made, watch Chuck's article feed by clicking here. To join The Motley Fool's free discussion board dedicated to the iPIG portfolio, click here. To see the iPIG portfolio's online tracking spreadsheet, click here.
Chuck Saletta owns shares of Raytheon Company. The Motley Fool owns shares of Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.