5 Best Halal Dividend Stocks To Buy

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 59

Lockheed Martin Corporation (NYSE:LMT) is a multinational aerospace, defense, arms, security, and advanced technology company that specializes in various areas within these industries. The company offers a quarterly dividend of $3.15 per share, having raised it by 5% in October this year. This marked the company’s 21st consecutive year of dividend growth, which makes LMT one of the best halal stocks on our list. The stock has a dividend yield of 2.79%, as of November 25.

The number of hedge funds in Insider Monkey’s database owning stakes in Lockheed Martin Corporation (NYSE:LMT) jumped to 60 in Q3 2023, from 52 in the preceding quarter. The total value of these stakes is more than $1.64 billion.

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