Business Magazine

Lockheed Martin Corporation - LMT

Posted on the 25 October 2011 by Divstkforcomman @DivStkForComMan
Lockheed Martin Corporation, stock ticker LMT, is a global security company engaged in the many aspects of advanced technology systems and products. Additionally, LMT serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with its principal customers being agencies of the United States Government. There are four business segments at LMT: 1) Aeronautics 2) Electronic Systems 3) Information Systems 4) Global Services and Space Systems.
Lockheed Martin is the world leader in the air power realm producing the next generation of fighter and attack aircrafts. For example, the F-35 and F-22. LMT also produces venerable stalwarts such as the C-130 and F-16. They make some great airplanes and are in an even better industry. Given the demand for their products, LMT is not going away anytime soon!
LMT's share price rose 1.78% today, which is $1.33. Their market cap is 26.42 billion dollars. I am thrilled about LMT because they recently increased their dividend per quarter. LMT announced that the Board of Directors authorized a fourth quarter 2011 dividend of $1.00 per share and the purchase of up to an additional $2.5 billion of Lockheed Martin common stock under its share repurchase program. This increase is a $0.25 or 33% increase over the prior quarter. The dividend is payable December 30, 2011 to holders of record as of the close of business on December 1, 2011. Their dividend yield is currently 5.08%! This is a great sign that LMT means business and are rewarding their shareholders. I assure you that LMT is a safe high yielder and a wise stock purchase. LMT is a long term hold if you ask me.
Click here to visit LMT's website and here to visit their Investor Relations page. I highly suggest that you analyze LMT's 2010 Annual report, click here. Also, please watch the videos below to learn more about LMT. Thank you for your time and enjoy the rest of the week! Reinvest those dividends and hold your dividend stocks within a Roth IRA for life!

Back to Featured Articles on Logo Paperblog