Lockheed Martin Dividend Increase

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On 3 October, Lockheed Martin (LMT) increased its quarterly dividend by 4.76%, from $3.15 to $3.30 per share.

The dividend will be paid on 27 December to shareholders of record on 2 December. The ex-dividend date is 2 December.

LMT's contribution to DivGro's projected annual dividend income will increase by $24 to $528.

I own 40 shares of LMT at an average cost basis of $310.23 per share. Following this increase, my yield on cost is 4.25%. (LMT's forward yield is 2.18% at $605.54 per share). 

Since I opened my LMT position in January 2014, the stock has produced total returns of 114%, including $2,335.10 in dividend income. 

LMT became DivGro's 12th Home Run stock in February 2018, when the stock doubled my original capital outlay. 

5-Year History of Dividend Payouts by Ex-Date

2019 2020 2021 2022 2023 2024
$9.00 $9.80 $10.60 $11.40 $12.15 $12.75
9.76% 8.89% 8.16% 7.55% 6.58% 4.94%
5-year DGR: 8.18% 7.31%

projected, assuming no further changes


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Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...

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