Lockheed Martin Increases Quarterly Dividend by 4.3%
Lockheed Martin (LMT) has announced a quarterly dividend of $3.60 per share, representing a 4.3% increase from the previous payout of $3.45. The new dividend will be payable on December 31 to shareholders of record as of November 29; shares will trade ex-dividend starting December 1. The forward yield based on this increased payment is now estimated at 2.83%. This move reflects the company's confidence in its financial stability and ongoing profitability, which has been supported by a growing backlog and strong performance across key defense programs such as missile systems and next-generation technologies like hypersonic interceptors. Lockheed Martin continues to attract investor attention due to its strategic positioning within the U.S. defense sector and potential for long-term earnings growth.
Tickers: $LMT
Topics: dividend financial update Lockheed Martin