Lockheed Martin Has Nowhere to Go But Up

Lockheed Martin Corporation (NYSE:LMT) has felt the impact of the Pentagon’s colossal defense spending cut, but investors should stand their ground and consider this defense stock a strong buy. While shareholders had to swallow a slightly unsatisfying Q4 earnings report, LMT still boasts long-term upside. Armed with a wealth of contracts that supply valuable programs like the F-35 – the world’s most expensive fighter jet – which will generate multiple years of revenue, LMT will continue to evolve as it successfully discovers new means of revenue.

Shareholders have witnessed 12 consecutive years of increased dividends, with the payout rising from 11 cents quarterly in 2002 to $1.50 current — a more than 13-fold improvement! And just in case you think the dividend growth is over, LMT stock touched up its dividend by another 13% last year. Investors are reaping the benefits of LMT 3.2% dividend yield at current pricing. In addition to a strong history of dividends, LMT stock also has a strong track record lately; shares have skyrocketed over 25% in the past year, roughly doubling the performance of the S&P 500.

Source: InvestorPlace

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