5 Best May Dividend Stocks To Buy

2. Lockheed Martin Corporation (NYSE:LMT)

Ex-Dividend Date: May 31
Dividend Yield as of April 27: 2.58%

Lockheed Martin Corporation (NYSE:LMT) is an American aerospace company that deals in arms, defense, and information security. On April 26, the company declared a quarterly dividend of $3.00 per share, which was in line with its previous dividend. The company is one of the best dividend stocks on our list as it maintains a 20-year streak of consistent dividend growth. The stock’s dividend yield came in at 2.58% on April 27 and will trade ex-dividend on May 31.

At the end of Q4 2022, 53 hedge funds tracked by Insider Monkey owned stakes in Lockheed Martin Corporation (NYSE:LMT), the same as in the previous quarter. The collective value of these stakes is over $2.13 billion.

Vltava Fund mentioned Lockheed Martin Corporation (NYSE:LMT) in its Q3 2022 investor letter. Here is what the firm has to say:

“LMT is one of the world’s largest aerospace and defence companies. The war in Ukraine has reminded investors and the wider public just how important these companies are. The aerospace and defence industry in the USA is an established oligopoly. This means that a few large firms play a dominant role. While collectively they comprise an oligopoly, individually they often have monopoly positions in particular narrower segments. Their main counterparty is the US government, a key customer in what is known as a monopsonist position. This is a rather unusual situation, but one that is very advantageous for companies such as LMT. (Click here to see the full text)