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:
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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.
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