Lockheed Martin hikes dividend by 5% to $3.15 quarterly per share

On October 6, 2023, Lockheed Martin (LMT) announced a 5% dividend hike to $3.15 quarterly per share. This marks 21 consecutive years of increased dividends. The next LMT dividend will be paid on December 29, 2023. The dividend yield is 3.14% at a stock price of $400.73.

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.