An F-22 Raptor fighter aircraft built by Lockheed Martin Corporation. The company announced its 15th straight year of dividend increases this week. Photo: Flickr.com/Robert Sullivan
As expected, defense contractor Lockheed Martin announced its 15th straight year of dividend increases, with a 10% bump to an annual rate of $8.00 a share. Next week, we’ll see two more dividend growth companies announce their annual increases.
Dividend Increases Announced This Week
Lockheed Martin Corporation (LMT)
Industry: Aerospace & Defense
Dividend Payment: $2.00 per share – up 9.9% from prior level of $1.82
Dividend Paid On: 12/29
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30
Number of Years of Dividend Increases: 15
Current Forward Yield: 2.58%