Lockheed Martin Corporation (NYSE:LMT) Plans $3.45 Quarterly Dividend

Lockheed Martin Corporation (NYSE:LMT) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 1st will be given a dividend of 3.45 per share by the aerospace company on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st.

Lockheed Martin has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 22 years. Lockheed Martin has a dividend payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lockheed Martin to earn $32.20 per share next year, which means the company should continue to be able to cover its $13.80 annual dividend with an expected future payout ratio of 42.9%.

Lockheed Martin Stock Down 0.6%

Shares of LMT traded down $3.15 during mid-day trading on Wednesday, hitting $517.85. 402,332 shares of the company traded hands, compared to its average volume of 1,731,326. The business has a 50 day moving average of $599.92 and a 200 day moving average of $554.48. The company has a market capitalization of $119.40 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin will post 29.88 EPS for the current year.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.