Friday,
October 6th the Board of Directors of Lockheed Martin Corporation
(LMT) announced
a quarterly dividend increase of from $3.00 to $3.15 per share that’s
payable December 29, 2023 to holders of record December 1, 2023. This
represents a 5.00% increase over the last quarterly dividend. This
marks the 21st consecutive year of dividend increases for the
company.
LTM's board has also authorized the
purchase of up to an additional $6 billion of Lockheed Martin common
stock under its share repurchase program, nearly doubling total
authorization of the current program to $13 billion for future
purchases.
With current price $436.53 (yesterday's
close), this raise brings their dividend yield to 2.89%.