Lockheed Martin Corporation

LMT23 yrs growth

Industrials · Aerospace & Defense · Stock · quarterly payer

$636.95

Fairly valued · -11% Add to Portfolio

Forward Yield

2.26%

Annual Dividend

$14.40

Payout Ratio

49%

5-Yr Growth

6.4%

Ex-Date

Dec 1, 2026

Frequency

Quarterly

Key facts about LMT's dividend

Data as of Nov 2, 2026 · Source: SmarterDividends data

As of Nov 2, 2026, Lockheed Martin Corporation (LMT) has a forward dividend yield of 2.26%, based on an annual dividend of $14.40 per share and a share price of $636.95.
As of Nov 2, 2026, LMT's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Lockheed Martin Corporation (LMT) has raised its dividend for 23 consecutive years as of Nov 2, 2026.
LMT last cut its regular dividend in 2000.
LMT's next ex-dividend date is Dec 1, 2026, with payment on Dec 31, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 2, 2026, LMT pays out 49% of its trailing 12-month earnings as dividends (its payout ratio).
LMT's dividend has grown at an average rate of 6.4% a year over the past five years.
As of Nov 2, 2026, LMT's 2.26% yield is 18% below its five-year average yield of 2.74%.
As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for LMT is $569.70 per share, 11% below the $636.95 share price, so LMT screens as fairly valued.
Lockheed Martin Corporation (LMT) pays its dividend quarterly, 4 times a year.
Lockheed Martin Corporation (LMT) has raised its regular dividend 34 times and cut it 1 time across the 170 payments on record since 1984. Its most recent change was a 4.5% increase to $3.45 per share, going ex-dividend on Dec 1, 2025. The last cut went ex-dividend on Mar 2, 2000.
Lockheed Martin (LMT) has declared its first higher dividend of the year in October in 3 of the last 5 years; its most recent raise, 4.5%, was declared on Oct 9, 2025.

Cite this page

SmarterDividends, "LMT Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/LMT

Summary

As of Nov 2, 2026, Lockheed Martin Corporation (LMT) yields 2.26% ($14.40 a year per share), has a dividend safety grade of A (89/100) and has 23 consecutive years of dividend increases on record.

Is LMT a good dividend stock?

Yes

Lockheed Martin Corporation (LMT) pays a quarterly dividend yielding 2.26% ($14.40/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

23 consecutive years of dividend growth
Comfortable payout ratio (49%)
Strong 6.4% 5-yr dividend growth
91% total price return over 5 years
Top-tier dividend safety score

Risks

Cut its dividend in 2000

Key Data

Dividend Yield: 2.26%
Payout Ratio: 49%
Annual Dividend: $14.40
5-Yr Avg Growth: 6.4%
Ex-Dividend Date: Dec 1, 2026
Years of Growth: 23
Frequency: quarterly
Beta: 0.10
Market Cap: $147.1B
P/E Ratio: 22.6
5-Yr Total Return: 91%
52-Week Range: $437.25 – $692.00
Dividend Safety: A · 89/100
Ever Cut?: Yes (2000)

LMT dividend raises and cuts

Lockheed Martin Corporation (LMT) has raised its regular dividend 34 times and cut it 1 time across the 170 payments on record since 1984. Its most recent change was a 4.5% increase to $3.45 per share, going ex-dividend on Dec 1, 2025. The last cut went ex-dividend on Mar 2, 2000.

Ex-date	Change	Old → new	Move
Dec 1, 2025	Raise	$3.30 → $3.45	+4.5%
Dec 2, 2024	Raise	$3.15 → $3.30	+4.8%
Nov 30, 2023	Raise	$3.00 → $3.15	+5.0%
Nov 30, 2022	Raise	$2.80 → $3.00	+7.1%
Nov 30, 2021	Raise	$2.60 → $2.80	+7.7%
Nov 30, 2020	Raise	$2.40 → $2.60	+8.3%
Nov 29, 2019	Raise	$2.20 → $2.40	+9.1%
Nov 30, 2018	Raise	$2.00 → $2.20	+10.0%
Nov 30, 2017	Raise	$1.82 → $2.00	+9.9%
Nov 29, 2016	Raise	$1.65 → $1.82	+10.3%
Nov 27, 2015	Raise	$1.50 → $1.65	+10.0%
Nov 26, 2014	Raise	$1.33 → $1.50	+12.8%

Show all 35 changes since 1985

Ex-date	Change	Old → new	Move
Nov 27, 2013	Raise	$1.15 → $1.33	+15.7%
Nov 29, 2012	Raise	$1.00 → $1.15	+15.0%
Nov 29, 2011	Raise	$0.750 → $1.00	+33.3%
Nov 29, 2010	Raise	$0.630 → $0.750	+19.0%
Nov 27, 2009	Raise	$0.570 → $0.630	+10.5%
Nov 26, 2008	Raise	$0.420 → $0.570	+35.7%
Nov 29, 2007	Raise	$0.350 → $0.420	+20.0%
Nov 29, 2006	Raise	$0.300 → $0.350	+16.7%
Nov 29, 2005	Raise	$0.250 → $0.300	+20.0%
Nov 29, 2004	Raise	$0.220 → $0.250	+13.6%
Nov 26, 2003	Raise	$0.120 → $0.220	+83.3%
May 29, 2003	Raise	$0.110 → $0.120	+9.1%
Mar 2, 2000	Cut	$0.220 → $0.110	−50.0%
Nov 27, 1998	Raise	$0.200 → $0.220	+10.0%
Feb 29, 1996	Raise	$0.175 → $0.200	+14.3%
May 17, 1994	Raise	$0.163 → $0.175	+7.5%
May 12, 1992	Raise	$0.153 → $0.163	+6.0%
May 15, 1991	Raise	$0.138 → $0.153	+11.1%
May 17, 1989	Raise	$0.123 → $0.138	+12.5%
May 18, 1988	Raise	$0.107 → $0.123	+14.3%
May 19, 1987	Raise	$0.0767 → $0.107	+40.0%
May 20, 1986	Raise	$0.0614 → $0.0767	+25.0%
May 21, 1985	Raise	$0.0460 → $0.0614	+33.3%

Every LMT payment →Download every raise and cut (CSV)

LMT ex-dividend date & scheduleNext ex-date Dec 1, 2026 · full ex-dividend historyView →LMT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is LMT a good dividend stock?

Yes. Lockheed Martin Corporation (LMT) pays a quarterly dividend yielding 2.26% ($14.40/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is LMT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LMT's fair value is about $569.70 versus a $636.95 share price — so it looks fairly valued (-11% vs. fair value).

Is LMT's dividend safe?

LMT has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 23-year growth streak, a dividend cut in 2000, debt and yield-versus-history.

What is LMT's fair value?

Our blended fair-value estimate for LMT is about $569.70 per share, about 11% below the current $636.95 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is LMT a buy, hold, or sell?

We don't issue formal ratings, but on the data LMT screens as "yes" and fairly valued. Lockheed Martin Corporation (LMT) pays a quarterly dividend yielding 2.26% ($14.40/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will LMT cut its dividend?

LMT earns a dividend-safety grade of A (89/100), and has cut its dividend before (last in 2000). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does LMT pay a dividend?

Yes. Lockheed Martin Corporation pays a quarterly dividend of about $14.40 per share annually, a forward yield of roughly 2.26%.

What is LMT's dividend yield?

As of Nov 2, 2026, LMT's forward dividend yield is 2.26%, based on a $14.40 annual dividend and a $636.95 share price.

What is LMT's dividend per share?

As of Nov 2, 2026, LMT pays $14.40 per share per year, distributed on a quarterly basis.

What is LMT's dividend payout ratio?

As of Nov 2, 2026, LMT's payout ratio is 49% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has LMT grown its dividend?

As of Nov 2, 2026, LMT has increased its dividend for 23 consecutive years.

When is the next LMT ex-dividend date?

As of Nov 2, 2026, the next ex-dividend date on record for LMT is Dec 1, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full LMT dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 1, 2026	Sep 25, 2026	$3.4500	regular
Jun 1, 2026	Jun 26, 2026	$3.4500	regular
Mar 2, 2026	Mar 27, 2026	$3.4500	regular
Dec 1, 2025	Dec 30, 2025	$3.4500	regular
Sep 2, 2025	Sep 26, 2025	$3.3000	regular
Jun 2, 2025	Jun 27, 2025	$3.3000	regular
Mar 3, 2025	Mar 28, 2025	$3.3000	regular
Dec 2, 2024	Dec 27, 2024	$3.3000	regular
Sep 3, 2024	Sep 27, 2024	$3.1500	regular
Jun 3, 2024	Jun 28, 2024	$3.1500	regular
Feb 29, 2024	Mar 29, 2024	$3.1500	regular
Nov 30, 2023	Dec 29, 2023	$3.1500	regular
Aug 31, 2023	Sep 22, 2023	$3.0000	regular
May 31, 2023	Jun 23, 2023	$3.0000	regular

LMT Dividend News

IncreaseLMT·Oct 28, 2026

Lockheed Martin Raises Quarterly Dividend 4.4% to $3.60

Lockheed Martin lifted its quarterly dividend 4.4% to $3.60, with stronger sales, cash generation and backlog supporting its 24th straight annual raise.