Lockheed Martin Corporation (LMT) To Go Ex-Dividend on June 1st

Lockheed Martin Corporation (NYSE:LMTGet Free Report) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Monday, June 1st will be paid a dividend of 3.45 per share by the aerospace company on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st.

Lockheed Martin has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Lockheed Martin has a dividend payout ratio of 46.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Lockheed Martin to earn $32.20 per share next year, which means the company should continue to be able to cover its $13.80 annual dividend with an expected future payout ratio of 42.9%.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $520.35 on Thursday. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a 50 day simple moving average of $596.78 and a two-hundred day simple moving average of $554.71. The company has a market capitalization of $119.97 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 0.94 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the business posted $7.28 EPS. Lockheed Martin’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts expect that Lockheed Martin will post 29.88 EPS for the current fiscal year.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

Lockheed Martin Company Profile

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Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

See Also

Dividend History for Lockheed Martin (NYSE:LMT)

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