Dividend Stock Portfolio For Income: 12 Stocks to Buy Now

Page 5 of 10

6. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 73

Lockheed Martin Corporation (NYSE:LMT) is an American defense and aerospace manufacturing company. It continues to channel significant resources into research and development, fueling innovation and strengthening its ability to deliver cutting-edge defense technologies that address shifting customer needs. For instance, the company is putting capital into next-generation programs such as America’s Golden Dome initiative. These efforts not only enhance its technological edge but also lay the groundwork for long-term growth in both cash flow and shareholder dividends.

Lockheed Martin Corporation (NYSE:LMT) maintains considerable flexibility within its portfolio. Its missile systems, now playing a growing role in US defense strategy, offer a steady source of momentum. Sales of upgraded F-16 fighter jets remain robust, and the potential revival of the F-22 program is often overlooked. At the same time, with international rivals struggling with production and cost challenges, the F-35 stands out as the only widely scalable fifth-generation aircraft option available to most nations.

Lockheed Martin Corporation (NYSE:LMT) has a strong dividend history. The company has been rewarding shareholders with growing dividends for the past 22 years and currently pays a quarterly dividend of $3.30 per share. The stock supports a dividend yield of 2.79%, as of September 18.

Page 5 of 10