Just like clockwork, we have another dividend payer increasing dividends. LMT announced 09/24 a quarterly dividend increase from 1.50 to 1.65. The dividend is payable Dec. 24, 2015 to shareholders of record as of Dec. 1, 2015.
This is an increase of 10% and another double-digit increase. The last one was 13%.
In fact, this is the 13th annual consecutive double-digit increase for LMT! My position is up over 125% from my cost basis of $90/share and is one of my top performers.
Since I own 44 shares, this will increase my yearly dividends by $26.40.