The company’s dividend growth rate is as follows:
· 10-year: 22.4%
· 5-year: 21.7%
· 3-year: 15.4%
Lockheed Martin has offered a quarterly cash dividend to its stockholders since 1984, and the dividend has stayed the same or increased since 2000. This is the seventh quarter in a row that the quarterly dividend has been over $1.00 per share.
The company also released its first quarter financial statement on April 27. It was highlighted by:
· Net sales decreased by 2% to $11.1 billion
· Net earnings increased by 14% to $761 million
· The diluted DPS increased 15% to $2.33 per share
· The generated cash from operations of $2.1 billion, and
· The company repurchased 5.1 million shares for $0.5 billion.
Lockheed Martin is a global security and aerospace company that employs 118,000 people worldwide and works primarily with the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Lockheed Martin has a low trailing P/E ratio of 11.8 and an even lower forward P/E ratio of 11.29. The price-to-sales ratio sits at an incredibly low 0.69. The company’s forward annual dividend yield is 4.52%, and the payout ratio is currently at 53%.
According to the GuruFocus analysis of Lockheed Martin, the company’s gross margin has been in a long-term decline with an average rate of decline per year of 4.6%. The company’s operating margin has also been in a 5-year decline with an average rate of decline at -5.8%. The analysis also notes that the price and P/S ratio are near 3-year highs. The P/B ratio is also at a 10-year high of 834.78.
With the price of Lockheed Martin hitting a 3-year high, there has been an increase in insider selling. In the past two weeks three insiders have sold over 50,000 shares of LMT.
There are currently 18 gurus that hold stake in Lockheed Martin.
With its shares down 0.68%, LMT trades at $101.11.
Lockheed Martin is one of GuruFocus’ high yield dividend stocks. The company has high guru ownership and yields at least 4% in dividends. To view the complete list of GuruFocus’ high yield dividend stocks, click here.