Quarterly Dividend of $1.15 Declared by Lockheed Martin Co. (LMT)
Lockheed Martin (NYSE:LMT) announced a quarterly dividend on Thursday, January 24th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.15 per share on Friday, March 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.79%.
A number of research firms have also recently commented on LMT. Analysts at TheStreet reiterated a “buy” rating on shares of Lockheed Martin in a research note to investors on Tuesday. On a related note, analysts at Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin in a research note to investors on Wednesday, January 16th. They now have a $88.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Lockheed Martin in a research note to investors on Tuesday, January 15th. They now have a $94.00 price target on the stock.
Shares of Lockheed Martin (LMT) traded down 2.60% during mid-day trading on Thursday, hitting $93.57. Lockheed Martin (LMT) has a 52 week low of $80.14 and a 52 week high of $96.07. The stock’s 50-day moving average is currently $92.86. The company has a market cap of $30.073 billion and a P/E ratio of 11.02.
Lockheed Martin last announced its earnings results on Thursday, January 24th. The company reported $1.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.80 by $0.07. The company had revenue of $12.10 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Lockheed Martin has set its FY13 guidance at $8.80-9.10 EPS. Analysts expect that Lockheed Martin (LMT) will post $8.42 EPS for the current fiscal year.
Lockheed Martin Corporation is a global security company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products.
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