Tuesday, September 28, 2021

Dividend Increase #64 of 2021 - Lockheed Martin Corporation (LMT)



Thursday, September 23rd the Board of Lockheed Martin Corporation (LMT) announced a quarterly dividend increase of from $ 2.60 to $ 2.80 per share that’s payable December 27, 2021 to holders of record December 1, 2021. This represents a 7.69% increase over the last quarterly dividend.


Additionally, the company's board has authorized the purchase of up to an additional $5 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 $6 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation.


With current price $ 352.14 (today's open), this raise brings their dividend yield to 3.18%.


Lockheed Martin is a Dividend Contenders with a 19 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 8.9, 9.5, 9.8 and 14.0 (Dividend Champions.xls)



Since I own 20 shares of LMT, this will increase my portfolio's projected annual net dividend income by $ 11.92.


This increase was in line with my expectations.


This is the first dividend increase I received from Lockheed Martin since initiating a position January 2021.


This increase raises my YOC to 3.27%.




Summary of 2021 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long LMT


Thanks for stopping by!



  1. Dear Dividenden-Hawk,

    I've been a silent reader for a long time and always follow the posts with very great interest.
    My question (since I'm from germany), why don't you invest more in german companies. This way you could increase your diversification and invest in high dividend paying companies.
    What do you look for in your company selection and since when exactly do you invest? Do you also do a lot with real estate or other investment products?
    Best regards from germany!

    Translated with www.DeepL.com/Translator (free version)

    1. Hi, glad to hear that you are a regular visitor!

      The main reason is the high withholding tax, which Germany collects on dividends at around 25%. That's 10% more than e.g. USA, Canada, Sweden...Finland only credits 15%, which is defined in the tax treaty between the countries. It is of course possible to reclaim this about 10% "overcharged" withholding tax, but I don't bother to go to so much trouble and send various documents to Germany or some other countries.

      I try to choose companies that I think pay an attractive dividend at the moment and will also increase in the future.

      I invest mainly in equities, with a small part in ETFs and peer-to-peer loans.