Trailing Dividend / Share
$13.50
Lockheed Martin Corporation (LMT) Dividend History
Income profile from 1984 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.6%
Payout Ratio
62.4%
Watch
Dividend Streak
23 years
LMT Dividend Income Check
Safety
62.4% payout ratio with watch safety profile.
Consistency
23 straight years of dividend increases.
Income Trend
Yield on cost is 3.9% and trend is rising.
LMT Dividend Scorecard
Yield & Income
Dividend Yield2.6%
Trailing DPS$13.50
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout62.4%
Earnings SafetyWatch
FCF Payout55.0%
FCF SafetyAdequate
Piotroski F-Score6/9
Growth
Growth Streak23 years
3Y CAGR5.4%
5Y CAGR6.4%
Yield on Cost (5Y)3.9%
YOC Trendrising
Total Returns
Buyback Yield2.5%
Total Shareholder Yield5.2%
1Y Total Return12.7%
5Y Total Return48.5%
Div Contribution (5Y)15.8%
Estimated $10K growth (return + dividends):
5Y ago$14,85410Y ago$25,70320Y ago$85,404
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
LMT Income Growth Story
Dividend per share and yield on cost over time (43 years of payments)
LMT Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Lockheed Martin Corporation distributes 62.4% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 55.0%, rated "Adequate".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
LMT has raised its dividend for 23 consecutive years, with a 3-year CAGR of 5.4% and 5-year CAGR of 6.4%.
Total Shareholder Returns
Beyond cash dividends, LMT returns capital through share repurchases. The combined picture: 2.6% dividend yield, 2.5% buyback yield, 5.2% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.9% and is currently rising. The 5-year total return is 48.5%, with dividends contributing 15.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $25,703 today.
LMT Recent Dividend Payments
Last 20 payments · Annual
TTM Total$61.10
Avg/Payment$3.0550
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 2, 2026Latest | $3.4500 | — | 1.99% | Mar 27, 2026 |
| Dec 1, 2025 | $3.4500 | ↑ +4.5% | 3.04% | Dec 30, 2025 |
| Sep 2, 2025 | $3.3000 | — | 2.92% | Sep 26, 2025 |
| Jun 2, 2025 | $3.3000 | — | 2.73% | Jun 27, 2025 |
| Mar 3, 2025 | $3.3000 | — | 2.85% | Mar 28, 2025 |
| Dec 2, 2024 | $3.3000 | ↑ +4.8% | 2.45% | Dec 27, 2024 |
| Sep 3, 2024 | $3.1500 | — | 2.22% | Sep 27, 2024 |
| Jun 3, 2024 | $3.1500 | — | 2.66% | Jun 28, 2024 |
LMT Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
2.6%
#2 of 9
Safety
Watch
62.4% payout
Streak
23Y
6.4% 5Y CAGR
Total Shareholder
5.2%
#2 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd LMTLockheed Martin Corp… | $118.5B | 2.6% | 62.4% | 23 | Watch |
 RTXRTX Corporation | $238.0B | 1.5% | 53.1% | 4 | Sustainable |
 NOCNorthrop Grumman Cor… | $79.4B | 1.6% | 30.9% | 22 | Sustainable |
 GDGeneral Dynamics Cor… | $93.9B | 1.7% | 37.8% | 12 | Sustainable |
 BAThe Boeing Company | $181.3B | 0.2% | — | 0 | Unknown |
 LHXL3Harris Technologie… | $56.4B | 1.6% | 56.2% | 6 | Sustainable |
3rd  HIIHuntington Ingalls I… | $12.6B | 1.7% | 35.2% | 13 | Sustainable |
1st  TDGTransDigm Group Inco… | $69.7B | 13.4% | 4.6% | 2 | Sustainable |
 HEIHEICO Corporation | $25.0B | 0.1% | 4.6% | 10 | Sustainable |
LMT Annual Dividend History (1984–2026)
43 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.45 | — | 1 | — | — | — | 1.0% |
| 2025 | $13.35 | 4.7% | 4 | $21.49 | 62.1% | 1.61x | 3.9% |
| 2024 | $12.75 | 4.9% | 4 | $22.31 | 57.1% | 1.75x | 3.7% |
| 2023 | $12.15 | 6.6% | 4 | $27.55 | 44.1% | 2.27x | 3.5% |
| 2022 | $11.40 | 7.5% | 4 | $21.66 | 52.6% | 1.90x | 3.3% |
| 2021 | $10.60 | 8.2% | 4 | $22.77 | 46.6% | 2.15x | 3.1% |
| 2020 | $9.80 | 8.9% | 4 | $24.30 | 40.3% | 2.48x | 2.8% |
| 2019 | $9.00 | 9.8% | 4 | $21.95 | 41.0% | 2.44x | 2.6% |
| 2018 | $8.20 | 9.9% | 4 | $17.59 | 46.6% | 2.15x | 2.4% |
| 2017 | $7.46 | 10.2% | 4 | $6.89 | 108.3% | 0.92x | 2.2% |
Full LMT Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See LMT's True Return
Price is only half the story. See total return with reinvested dividends.
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View ValuationCompare LMT vs SPIR
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Start ComparisonLMT — Frequently Asked Questions
Quick answers to the most common questions about buying LMT stock.
How much dividend does LMT pay per share?
Lockheed Martin Corporation (LMT) pays a trailing 12-month dividend of $13.50 per share, with a current dividend yield of +2.6%. Payments are made Annual.
When is LMT's next ex-dividend date?
LMT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. LMT typically pays dividends Annual.
Is LMT's dividend safe?
LMT's dividend safety is rated "Watch" based on an earnings payout ratio of +62.4% and FCF payout ratio of +55.0%. With 23 consecutive years of dividend growth, the track record supports sustainability.
Is LMT a Dividend Achiever?
Yes, Lockheed Martin Corporation is classified as a Dividend Achiever with 23 consecutive years of dividend increases. The 5-year dividend CAGR is +6.4%, demonstrating above-inflation dividend growth.
How often does LMT pay dividends?
Lockheed Martin Corporation pays dividends Annual. The trailing 12-month total is $13.50 per share. Dividend data on this page covers 42+ years from 1984 to 2026.
How much would $10,000 invested in LMT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in LMT five years ago would be worth approximately $14,854 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is LMT's yield on cost for long-term holders?
LMT's yield on cost — the current dividend divided by the original purchase price — is +3.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.6% market yield, thanks to consistent dividend growth.