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Data last updated: Aug 03, 2026
Snapshot (as of Aug 03, 2026): Lockheed Martin Corporation (LMT) pays a $13.65 annual dividend ($3.45 quarterly), yielding 2.34% at $582.74/share. Next ex-dividend date 2026-09-01. 25 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.34%
Annual Dividend: $13.65 per share
Payout Ratio: 50.5%
Ex-Dividend Date: 2026-09-01
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 43
Lockheed Martin Corporation dividend investors are looking at one of the most recognized names in global defense, a company that designs and produces combat aircraft, missile defense systems, and satellites for the U.S. government and allied nations. LMT currently pays a 2.34% yield, with a trailing annual dividend rate of $13.65 per share paid quarterly, and the next ex-dividend date falls on September 1, 2026. A Dividend Aristocrat with 25 consecutive years of increases, LMT suits income investors who value payment reliability over maximum yield. With a beta of 0.113, the stock moves far less than the broader market, which reinforces its appeal for investors prioritizing low volatility alongside income.
Lockheed Martin Corporation pays out 50.5% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, and LMT's position as a primary supplier of advanced defense systems to the U.S. government provides a demand base that supports ongoing cash generation. Lockheed Martin Corporation dividend safety is further reinforced by the company's long-term government contracts across Aeronautics, Missiles and Fire Control, and Space segments. The most significant pressure point is concentration risk: LMT primarily serves the U.S. government, so any material shift in defense appropriations would directly affect the earnings that fund the dividend.
Lockheed Martin Corporation dividend history shows a CAGR of 10.6% per year from 2011 to 2025. The per-share payment grew from $3.25 in 2011 to $13.35 in 2025 (2026 data is partial and excluded from this calculation). The smallest annual increase in the window was 4.7% in 2025, which signals that growth has decelerated from the 27.7% peak recorded in 2012.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.4% | $11.40 (2022) | $13.35 (2025) |
| 5-Year | +6.4% | $9.80 (2020) | $13.35 (2025) |
| 10-Year | +8.1% | $6.15 (2015) | $13.35 (2025) |
LMT fits dividend investors who want a Dividend Aristocrat with a long, unbroken increase streak rather than a high current yield. The yield sits at a moderate (2–4%) 2.34%, slightly above the 5-year average of 2.07%, so buyers today are getting a marginally better entry yield than the historical norm. Twenty-five consecutive years of increases is a meaningful data point: no recession, defense budget cycle, or market disruption in that period broke the streak. The trade-off is straightforward. Growth has slowed to 4.7% in the most recent year, and the yield itself will never satisfy investors hunting for high income. What LMT offers instead is payment reliability, low market sensitivity, and a payout ratio that leaves room to keep raising.
LMT is a Dividend Aristocrat with 25 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $3.4500 |
| 2026-06-01 | $3.4500 |
| 2026-03-02 | $3.4500 |
| 2025-12-01 | $3.4500 |
| 2025-09-02 | $3.3000 |
| 2025-06-02 | $3.3000 |
| 2025-03-03 | $3.3000 |
| 2024-12-02 | $3.3000 |
| 2024-09-03 | $3.1500 |
| 2024-06-03 | $3.1500 |
| Year | Total Dividends |
|---|---|
| 2026 | $10.3500 |
| 2025 | $13.3500 |
| 2024 | $12.7500 |
| 2023 | $12.1500 |
| 2022 | $11.4000 |
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