Lockheed Martin hikes dividend by 7.1%
On September 30, 2022, Lockheed Martin (LMT) declared a dividend hike of 7.1% to $3.00 per share quarterly. This follows last year's 7.7 percent dividend hike and marks the 20th consecutive year of dividend increases by Lockheed Martin.
The next LMT dividend of $3.00 per share will be payable on Dec. 30, 2022, to holders of record as of the close of business on Dec. 1, 2022. The next ex-dividend date is November 30, 2022. A new annual rate of $12.00 per share yields 3.0% at a stock price of $410 for Lockheed Martin. The company will now pay an estimated total annual dividend of $3.2 billion to shareholders.
Lockheed Martin is a security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company also provides a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Lockheed serves both U.S. and international customers with its principal customers being agencies of the U.S. Government. The company's four business segments are: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Lockheed has paid a dividend every year since 1995.
