Lockheed Martin Corporation (NYSE: LMT) Q3 ’22
September 30, 2022 I Bethesda, MD
The board of directors of Lockheed Martin Corp. (NYSE: LMT) has declared a regular quarterly dividend of $3.00 per common share, an increase of approximately 7.1% from the previous quarterly dividend of $2.80.
Year to date, this marks the twenty-sixth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-six changes were increases. The average dividend increase was 7.8% compared with December 31, 2021 indicated levels.
For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor.
From the press release: “The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2022 dividend of $3.00 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on Dec. 30, 2022, to holders of record as of the close of business on Dec. 1, 2022.” 1
About the company: “Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.” 1
IMPORTANT DISCLOSURES: The securities discussed herein do not represent all of the securities held by the WCA Rising Dividend Portfolio as of the date presented and are subject to change at any time, without notice. A complete list of holdings as of the date noted above will be provided upon request. The above is presented to illustrate the application of the strategy only and not intended as personalized recommendations of any particular security. The securities identified and described above do not represent all of the securities purchased, sold, or recommended for client accounts. You should not assume that an investment in any of the securities identified was or will be profitable. Changes in market conditions or a company’s financial condition may impact the company’s ability to continue to pay dividends. Companies may also choose to discontinue dividend payments. All investments involve risk, including loss of principal, and there is no guarantee that investment objectives will be met. It is important to review your investment objectives, risk tolerance and liquidity needs before choosing an investment style or manager. Equity investments are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors to varying degrees. Fixed Income investments are subject to market, market liquidity, issuer, investment style, interest rate, credit quality, and call risks, among other factors to varying degrees.