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Lockheed Martin Corporation to Issue Quarterly Dividend of $3.45 (NYSE:LMT)
Lockheed Martin Corporation (NYSE:LMT) announced a quarterly dividend of $3.45 per share, payable on March 27th to shareholders of record on March 2nd. This reflects a 2.1% dividend yield and continues a 22-year streak of annual dividend increases, with a sustainable payout ratio of 46.1%. The company’s recent earnings report showed $5.80 EPS, missing consensus, but revenue beat expectations at $20.32 billion, leading to a 2.7% increase in share price to $659.24.