5 Best Long-Term Dividend Stocks To Buy Now

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 58
Consecutive Years of Dividend Growth: 20
5-Year Average Payout Ratio: 50.02%

An American defense and aerospace company, Lockheed Martin Corporation (NYSE:LMT) is next on our list of the best long-term stocks. The company has raised its dividends for 20 years in a row and currently pays a quarterly dividend of $3.00 per share. The stock’s dividend yield on June 27 came in at 2.65%.

At the end of Q1 2023, 58 hedge funds in Insider Monkey’s database reported having stakes in Lockheed Martin Corporation (NYSE:LMT), up from 53 a quarter earlier. The collective value of these stakes is over $1.44 billion.

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