Lockheed Martin: A Strong Dividend Stock for Industrial Investors

Lockheed Martin Corporation (NYSE:LMT) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now.

Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft.

In the most recent quarter, the company has reiterated its full-year guidance, expecting modest revenue growth in the low single digits along with a rise in diluted EPS. While the forecast isn’t particularly strong, it should still generate enough free cash flow to support ongoing share repurchases and steady dividend growth.

Lockheed Martin Corporation (NYSE:LMT)’s sizable backlog— more than twice its annual sales— gives it clear visibility into future demand. This helps the company manage spending effectively and maintain solid control over its free cash flow, which is crucial for planning shareholder returns.

On June 26, Lockheed Martin Corporation (NYSE:LMT) declared a quarterly dividend of $3.30 per share, which was in line with its previous dividend. Overall, the company has raised its dividends for 22 consecutive years. The stock has a dividend yield of 2.82%, as of July 13.

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Disclosure: None.