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.
I love dividend increases.
It’s not sexy. It’s not glamorous. But having an investment that gradually and repeatedly gives you more and more money just feels good at a visceral level.
Congrats on making such a solid purchase and continuing to ride it to even greater success.
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Jack,
I totally agree with you. Slow and steady will win the race. I love seeing raises, even when they are small. Consistency is the key to success.
Cheers!