Why Oversold Lockheed Martin (LMT) Could Be a Defensive Dividend Powerhouse

Lockheed Martin Corporation (NYSE:LMT) is included among the 10 Oversold Dividend Stocks to Buy According to Hedge Funds.

Why Oversold Lockheed Martin (LMT) Could Be a Defensive Dividend Powerhouse

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

The company has long held a leading position in the US aerospace and defense sector. It supplies advanced technologies and services to the US Department of Defense, NASA, and various international government agencies. Its space division is one of the company’s four key segments. For investors looking for a diversified and established aerospace company with ties to the growing space industry, Lockheed Martin may be a strong addition to their portfolio.

Lockheed Martin Corporation maintained a strong cash position, reinforcing its appeal as a reliable dividend investment. In the most recent quarter, the company reported an operating cash flow of $201 million. It also returned $1.3 billion to investors through dividends and share repurchases.

On June 26, Lockheed Martin Corporation declared a quarterly dividend of $3.30 per share, which was consistent with its previous dividend. The company has been rewarding shareholders with growing dividends for the past 22 years. The stock offers a dividend yield of 3.11%, as of July 25.

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