This High-Yield Aerospace Stock Just Hiked Its Dividend by More Than 8% Dividends binder by Elena_Dig via Shutterstock Ebube Jones Mon, June 22, 2026 at 4:30 PM PDT 5 min read NOC HEI RTX CW Aerospace and defense companies have been raising dividends across the board in 2026. In May alone, several names in the sector announced notable dividend hikes. Northrop Grumman (NOC) raised its payout by 7%, RTX (RTX) also lifted its dividend by 7%, and Curtiss-Wright (CW) increased its payout by 8%, even as their shares swung sharply amid geopolitical tension tied to the Iran war. That tells you big aerospace and defense companies are still putting real money behind shareholder returns, even in a shaky backdrop. The private aerospace and defense sector now generates nearly $1 trillion in annual revenue, and with the U.S. government pointing to a $1.5 trillion defense budget for 2027, the spending backdrop remains supportive. More News from Barchart Tim Cook Warns Apple Product Price Hikes Are Unavoidable Due to Higher Chip Costs. What That Means for AAPL Stock. TurboTax-Maker Intuit Leads 3 Cheap Tech Stocks That Pay You to Wait on the AI Boom Marvell Just Got a New Street-High Price Target. Wall Street Thinks Networking Is a Huge Growth Opportunity. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Against that, on June 15, HEICO (HEI) announced that it was raising its semiannual cash dividend by 8% to $0.13 per share from $0.12. The dividend will be paid on July 15 to shareholders of record as of July 1. The increase marks HEICO’s 96th-straight semiannual cash dividend since 1979, a payout streak that now stretches close to five decades. This move also came right after record fiscal second-quarter 2026 results, with net income up 49% year-over-year (YOY). So, with record results, a favorable defense spending backdrop, and a dividend streak that is still going strong, is this latest 8% raise the start of more upside for HEI stock shareholders? Let’s find out. The Financial Performance Behind the HEICO Story HEICO runs a focused business, making Federal Aviation Administration (FAA)-approved replacement parts and critical electronic components used across commercial aviation and defense, mostly in the aftermarket where demand tends to stay steady. HEI stock itself has been steady, up about 5% over the past year and roughly 3% so far this year. www.barchart.com That steadiness comes at a premium, though. HEI stock trades at a forward price-to-earnings (P/E) multiple of 58.2 times, which is well above the industrials average of 21 times. On the dividend front, the company just raised its payout by more than 8%, adding to its streak of dividend increases. Even so, the yield is still low at about 0.07%, with a forward payout ratio of just 4.23%, leaving plenty of room for future hikes. The most recent dividend was $0.12 per share, paid twice per year. Story Continues Q2 net income came in at a record $233.8 million, up...
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