for income

ok the next play is universal (uvv) tobacco co div 4.8 we buy this one 3/9/2013

3/24/2013 Defense Stock Raytheon Is The New Pick For The Dividend Yield Passive Income Portfolio I purchased 20 Raytheon (RTN) shares last Friday for my Dividend Yield Passive Income Portfolio, a 100k virtual funded project on October 03, 2012. The total purchase price was $1,145.80 at a price of $54.04. Here is what the company manufactures: Raytheon provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as a range of mission support services in the United States and internationally. The company's Integrated Defense Systems segment provides integrated air and missile defense, radar solutions, and naval combat and ship electronic systems. Raytheon is the fourth largest public traded US military stock behind Lockheed Martin, Boeing and General Dynamics. LMT is also part of my DYPI-Portfolio with a nearly flat performance since I bought them but LMT pays a great yield of around 5 percent. The military supply industry is no hot investment field for investors. Everybody fears budget cuts by the government and they will come. It’s announced that the industry sees the largest budget decreases since the end of the Vietnam War. Fundamentals of RTN look good and a slow growth of 5.7 percent in earnings is still expected for the next five years. Last week, RTN announced a dividend hike of 10 percent. The current yield is now at 3.86 percent. The company is a Dividend Challenger and managed to raise dividends over nine consecutive years.