LMT vs RTX: Which Is the Better Dividend Stock?
As of Nov 2, 2026, RTX (RTX Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. LMT offers the higher yield at 2.26%, RTX has the higher dividend-safety score, and LMT looks like the better value (its fair-value estimate is 11% below its share price).
Key facts: LMT vs RTX
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Lockheed Martin Corporation (LMT) has the higher forward dividend yield at 2.26%, versus 1.46% for RTX Corporation (RTX).
- As of Nov 2, 2026, SmarterDividends grades LMT's dividend safety A (89/100) and RTX's A (96/100).
- By SmarterDividends' count as of Nov 2, 2026, LMT has raised its dividend for 23 consecutive years and RTX for 33.
- As of Nov 2, 2026, LMT pays out 49% of its earnings as dividends and RTX pays out 46%.
- As of Nov 2, 2026, LMT's fair-value estimate is 11% below its share price and RTX's fair-value estimate is 44% below its share price, so LMT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "LMT vs RTX: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/lmt-vs-rtx
| Metric | LMT | RTX |
|---|---|---|
| Forward yield | 2.26% | 1.46% |
| Annual dividend | $14.40 | $2.92 |
| Payout ratio | 49% | 46% |
| Years of growth | 23 yr | 33 yr |
| 5-yr dividend growth | 6.4% | 7.2% |
| 5-yr total return | 91% | 147% |
| Dividend safety score | 89 (A) | 96 (A) |
| Fair value estimate | $569.70 | $112.86 |
| Upside to fair value | -11% | -44% |
| Frequency | quarterly | quarterly |
| Market cap | $147.1B | $269.6B |
| P/E ratio | 22.6 | 32.5 |
Higher yield
LMT
2.26%
Safer dividend
RTX
Grade A
Faster growth
RTX
7.2%
Better value
LMT
-11% upside
LMT vs RTX — FAQ
Is LMT or RTX a better dividend stock?
On the data, RTX wins more head-to-head categories (5 vs 3). LMT offers the higher yield (2.26%), while RTX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, LMT or RTX?
LMT has the higher forward dividend yield at 2.26%, versus 1.46% for RTX.
Is LMT or RTX safer?
RTX has the higher dividend-safety score (96/100 vs 89/100), reflecting stronger payout coverage and dividend-growth history.
Is LMT or RTX better value right now?
As of Nov 2, 2026, LMT looks like the better value: its fair-value estimate is 11% below its share price (fairly valued). For RTX, its fair-value estimate is 44% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.