Lockheed Martin Increases Their Dividend by 7.1% in 2022


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Dividend Increase Announcement

On September 30th, Lockheed Martin announced a dividend increase of 7.1%. This will increase their dividend from $2.80 to $3.00. It is payable on December 30th for shareholders of record on December 1st. The new dividend represents an annualized dividend amount of $12.00 per share as compared to the current annualized dividend amount of $11.20 per share.

Lockheed Martin Dividend Information

Annual Dividend: $12.00
Dividend Growth History: 19 years
Dividend Yield: 2.8%

Dividend Increase Effect

I am currently holding 4.112 shares of Lockheed Martin stock in the More Dividends portfolio. With this 7.1% increase it will add an additional $3.29 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,267.78.

To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.

Current Stock Position

Lockheed Martin is a relatively new position in my portfolio. I started the position in the second half of 2021. Since that time the share price rallyed way above my cost basis.

Lately though with the bear in the markets, I am starting to see the share price coming back down toward my cost basis. I would love a good oppurtunity to add to this position and to lower my cost basis all at the same time.

Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Lockheed Martin? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com

jason from more dividends


Recent Dividend Increases in Portfolio

Realty Income Increases Their Dividend by 0.2% in 2022 ONCE AGAIN!!!
Store Capital Increases Their Dividend by 6.5% in 2022
Microsoft Increases Their Dividend by 10% in 2022




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