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Lockheed Martin raises dividend for 24th year amid strong backlog but faces F-35 contract risks.

Company Fundamentals
28 Oct 2026, 20:19 WIB
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Lockheed Martin raises dividend for 24th year amid strong backlog but faces F-35 contract risks.

Lockheed Martin announced its 24th consecutive annual dividend increase, raising the quarterly payout to $3.60 per share, yielding about 2.2%. The company boasts a record $292 billion backlog and free cash flow that covers dividends more than twice, supporting shareholder returns despite challenges. However, risks include cost overruns on the F-35 Lot 20 contract, a potential billion-dollar pension hit, and a recent quarter of negative free cash flow. Investors should watch for government funding decisions on the F-35 contract, pension contributions, and cash use for acquisitions in the coming months.

Lockheed Martin trades at USD 635.24 on Pluang as of Oct 29, 2026 00:31 WIB, up 1.97% in one day. The dividend yield on Pluang is 2.31%, slightly above the article's 2.2% yield. Investors on Pluang hold the stock for an average of 87 days, with 69% currently selling and 31% buying.

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