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BETHESDA, Md. - Lockheed Martin Corporation (NYSE: NYSE:LMT), with a market capitalization of $108.47 billion, has announced that its board of directors approved a quarterly dividend for the first quarter of 2025. Shareholders will receive a dividend of $3.30 per share, which is slated for distribution on March 28, 2025. To be eligible for this dividend, shareholders must be on record by the close of business on March 3, 2025. According to InvestingPro, Lockheed Martin has maintained dividend payments for 41 consecutive years and currently offers a 2.62% yield.
Lockheed Martin, recognized for its role in the global defense technology sector, emphasizes innovation and scientific advancement in its operations. The company’s focus on developing all-domain mission solutions aligns with its vision of 21st Century Security®, which aims to deliver cutting-edge technologies to maintain a strategic advantage. InvestingPro analysis shows the company maintains good financial health with moderate debt levels and generally trades with low price volatility, making it a stable player in the Aerospace & Defense industry.
This financial move by Lockheed Martin underscores the company’s commitment to providing value to its shareholders. The dividend declaration is a key indicator of the company’s financial health and its ability to generate enough profit to return a portion to its investors. Subscribers to InvestingPro can access detailed analysis showing that LMT has raised its dividend for 22 consecutive years, along with 10+ additional exclusive insights about the company’s financial performance.
The information regarding the dividend is based on a press release statement from Lockheed Martin Corporation.
In other recent news, defense contractor Lockheed Martin experienced a series of notable developments. Vertical Research Partners and RBC Capital revised their price targets for the company to $519 and $570, respectively, while maintaining their ratings. This comes amid concerns about the long-term impact of fixed price development contracts on Lockheed Martin’s financial performance. However, the company’s financial health remains strong with a revenue of $71.3 billion.
Lockheed Martin also secured a $270M contract with the U.S. Air Force for F-22 upgrades and completed the delivery of 10 S-70i Black Hawk helicopters to the Philippines. The company exceeded its estimated third-quarter earnings per share, reporting an EPS of $6.80, and raised its full-year 2024 revenue guidance to approximately $71.25 billion.
Coverage of Lockheed Martin was initiated by Truist Securities, assigning it a Buy rating. The company announced leadership changes and launched a new subsidiary, Astris AI. Lockheed Martin also refuted rumors of a potential cancellation of its $1 trillion F-35 fighter jet contract. These are the recent developments at Lockheed Martin.
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