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Lockheed Martin Corporation (NYSE:LMT) Plans Dividend Increase - $3.45 Per Share

Lockheed Martin logo with Aerospace background

Key Points

  • Lockheed Martin Corporation has announced a quarterly dividend increase to $3.45 per share, up from the previous $3.30, representing a 4.5% increase and a yield of 2.7%.
  • The aerospace company maintains a payout ratio of 44.1%, indicating that the dividend is well-supported by earnings, with expectations of $29.70 earnings per share next year.
  • Lockheed Martin's stock price is currently at $507.51, having experienced a 1.3% decline during trading, with a market cap of approximately $118.48 billion.
  • Five stocks we like better than Lockheed Martin.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Investors of record on Monday, December 1st will be paid a dividend of 3.45 per share by the aerospace company on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 2.7%. This is a 4.5% increase from Lockheed Martin's previous quarterly dividend of $3.30.

Lockheed Martin has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lockheed Martin to earn $29.70 per share next year, which means the company should continue to be able to cover its $13.20 annual dividend with an expected future payout ratio of 44.4%.

Lockheed Martin Trading Down 1.3%

LMT stock traded down $6.51 during trading on Thursday, hitting $507.51. The company had a trading volume of 1,184,380 shares, compared to its average volume of 1,247,438. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average price of $463.21 and a 200-day moving average price of $462.39. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market cap of $118.48 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.81 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter in the previous year, the company posted $7.11 EPS. Lockheed Martin's revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts predict that Lockheed Martin will post 27.15 earnings per share for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently bought and sold shares of LMT. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Lockheed Martin in the 2nd quarter valued at about $29,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $34,000. Finally, MTM Investment Management LLC bought a new position in shares of Lockheed Martin during the second quarter worth approximately $36,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Company Profile

(Get Free Report)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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Dividend History for Lockheed Martin (NYSE:LMT)

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