On Thursday, October 9th, Lockheed Martin Corporation (LMT) announced that its Board of Directors approved a quarterly dividend increase from $3.30 to $3.45 per share. The dividend is payable on December 30, 2025, to shareholders of record as of December 1, 2025. This represents a 4.55% increase over the last quarterly dividend.
LMT's board has also authorized the purchase of up to an additional $2 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $9.1 billion.
At the current price of $501.25 (today's open), this increase will raise LMT's dividend yield to 2.75%.