On 3 October, Lockheed Martin (LMT) increased its quarterly dividend by 4.76%, from $3.15 to $3.30 per share.
The dividend will be paid on 27 December to shareholders of record on 2 December. The ex-dividend date is 2 December.
LMT’s contribution to DivGro’s projected annual dividend income will increase by $24 to $528.
I own 40 shares of LMT at an average cost basis of $310.23 per share. Following this increase, my yield on cost is 4.25%. (LMT’s forward yield is 2.18% at $605.54 per share).
Since I opened my LMT position in January 2014, the stock has produced total returns of 114%, including $2,335.10 in dividend income.
LMT became DivGro’s 12th Home Run stock in February 2018, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $9.00 | $9.80 | $10.60 | $11.40 | $12.15 | ⬆ | $12.75✝ |
| 9.76% | 8.89% | 8.16% | 7.55% | 6.58% | ⬇ | 4.94% |
| 5-year DGR: | 8.18% | ⬇ | 7.31% | |||
✝projected, assuming no further changes