Why it’s on the map
Pentagon put $1B directly into its Missile Solutions (solid rocket motor) unit (Jan 2026), converting to equity at IPO. Backlog $42B.
Government money & contracts
$1B Pentagon investment in Missile Solutions.
Customers & commercial
DoW.
Catalysts
IPO postponed to mid-2027; new CEO strategy (Aug).
Risk
Governance turnover; about $4.8B of cap lost on IPO delay.
Tariff durability
Policy-backed.
Dividend · #22 of 47 payers by yield
1.80% yield
$5.00 a share a year · quarterly · pays Mar · Jun · Sept · Dec
Per payment$1.25a share, 4× a year
Next payoutDec 18declared · $1.25 a share
Last ex-dateSept 4, 2026next ex-date Dec 4, 2026
Last paidSept 18, 2026$1.25 a share
Payout ratio46%of earnings · well covered
Raised24 yrsconsecutive years of increases
Shares at the Oct 30 close of $277.613.60
Each payment$4.50
Per year · 4 payments$18.01
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Sept 4, 2026 | Sept 18, 2026 | $1.25 | |
| Jun 5, 2026 | Jun 26, 2026 | $1.25 | |
| Mar 6, 2026 | Mar 20, 2026 | $1.25 | |
| Nov 17, 2025 | Dec 5, 2025 | $1.20 |
Yield = $1.25 × 4 ÷ the Oct 30 close of $277.61. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source