Dividend Hike – LMT

Lockheed Martin (NYSE: LMT) declared a quarterly dividend of $1.65 per share, or $6.6 annualized. This is a 10% increase from the prior dividend of $1.50.

The dividend will be payable on December 24, 2015, to stockholders of record on December 1, 2015, with an ex-dividend date of November 27, 2015.

With this latest dividend hike, the YOC of my LMT position will become 6.8%. In addition, my LMT holding has about 110% unrealized return at the time of writing.

I initiated LMT position on February 25, 2013. I bought 50 shares at $88.88. With the initial quarterly dividend of $1.15, my initial YOC was 5.17%. Since then, LMT has raised its dividend three times with an about average annual dividend growth rate of 13%. During that period, my position of LMT has increased to 92 shares from 50 shares.

I have been extremely happy as a LMT shareholder.

Disclosure: Long LMT




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