Major indices finish lower amid GE earnings disappointment >>> READ MORE

Top 10 Dividend Stocks to Buy Now

Blue chips Lockheed and RAI make list beside cinemas and small-cap manufacturers

      View All  

Dividend Stock #3 Lockheed Martin (LMT)

Lockheed Martin Corp. (NYSE: LMT)

Lockheed Martin Corp. (NYSE: LMT) is America’s premiere aerospace and defense company, and consistently ranks at or near No. 1 in the list of U.S. federal contractors.

  • Current Yield: 3.9% ($3 a share annually)
  • Dividend History: In June 2010, Lockheed Martin paid a quarterly dividend of 63 cents a share. This July, it will pay 75 cents, or a 19% increase.
  • Dividend Outlook: According to Bloomberg, the three-year expected dividend growth rate of Lockheed is a stunning is 15%.
  • Recent Performance: Though flat over the past 12 months, as the crisis in Libya has brought defense spending into focus, LMT shares have rallied 14% in 2011, despite talk of federal spending cuts.
  • Outlook for Shares: Lockheed has proven it is a necessary player in the U.S. defense budget, and even if that budget sees some reductions, you can bet that Lockheed will still benefit. For instance, it is currently working on the F-35 Lightning II joint strike fighter, a contract worth hundreds of millions of dollars, which will be delivered at the latter part of this decade. Lockheed has the reputation and resources to thrive even if leaner spending lies ahead.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC