LONDON, UK / ACCESSWIRE / November 29, 2017 / Active-Investors has a free review on Lockheed Martin Corp. (NYSE: LMT) following the Company's announcement that it will begin trading ex-dividend on November 30, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on November 29, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LMT:
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
On September 28, 2017, Lockheed Martin's Board of Directors has authorized a fourth quarter 2017 dividend of $2.00 per share, representing a 10% increase, or $0.18 per share, over last quarter. The dividend is payable on December 29, 2017, to holders of record as of the close of business on December 01, 2017.
Lockheed Martin's indicated dividend represents a yield of 2.53%, which is more than double compared to the average dividend yield of 1.17% for the Industrial Goods sector. The Company has raised dividend for fourteen consecutive years.
Lockheed Martin has a dividend payout ratio of 61.0%, which indicates that the Company spends approximately $0.61 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Lockheed Martin is forecasted to report earnings of $13.40 for the next year, which is substantially above its annualized dividend of $8.00 per share.
As of September 24, 2017, Lockheed Martin's cash and cash equivalents totaled $2.94 billion compared to $1.84 billion as on December 31, 2016. The Company's cash from operations was $1.75 billion versus $1.32 billion in the year-earlier same quarter. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Lockheed Martin
On November 16, 2017, Lockheed Martin announced that it has completed a rigorous Critical Design Review (CDR) on September 28, 2017, with the Missile Defense Agency (MDA) for the Long Range Discrimination Radar (LRDR), demonstrating compliance to all technical performance measures and requirements.
The MDA awarded the $784 million contract to Lockheed Martin in 2015 to develop, build, and test LRDR, and the Company is on track to deliver the radar to Clear, Alaska in 2020. Teams from Lockheed Martin, MDA Sensors Directorate and the Command and Control, Battle Management, and Communications (C2BMC) have worked interfaces closely to ensure seamless integration.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services.
Stock Performance Snapshot
November 28, 2017 - At Tuesday's closing bell, Lockheed Martin's stock marginally rose 0.73%, ending the trading session at $319.01.
Volume traded for the day: 966.15 thousand shares.
Stock performance in the last month – up 3.57%; previous three-month period – up 3.53%; past twelve-month period – up 19.96%; and year-to-date – up 27.63%
After yesterday's close, Lockheed Martin's market cap was at $91.59 billion.
Price to Earnings (P/E) ratio was at 25.87.
The stock has a dividend yield of 2.51%.
The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was up 1.3% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.