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Lockheed Martin to pay Q3 dividend of $2.40 a share

By Journal Staff


Payment to be made in late September

The entrance to the Lockheed Martin plant in Owego. (PHOTO CREDIT: LOCKHEED MARTIN)

Lockheed Martin Corp. (NYSE: LMT) announced on June 25 that its board of directors has authorized a third-quarter 2020 dividend of $2.40 per share. 

The dividend is payable on Sept. 25, to holders of record as of the close of business on Sept. 1.

It’s the same amount that Lockheed paid in each of the last three quarters. At Lockheed’s current stock price, the dividend yields more than 2.6 percent on an annual basis.

Lockheed Martin (NYSE: LMT) — a Bethesda, Maryland–based defense contractor — has two plants in Central New York, in Salina and in Owego — as part of the firm’s rotary and mission systems (RMS) business area. The plants employ 4,100 people combined. 

 The company has about 110,000 workers worldwide.

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