Image Source: PixabayOn 3 October, Lockheed Martin (LMT) increased its quarterly dividend by 4.76%, from $3.15 to $3.30 per share.The dividend will be paid on 27 December to shareholders of record on 2 December. The ex-dividend date is 2 December.LMT’s contribution to DivGro’s projected annual dividend income will increase by $24 to $528.I own 40 shares of LMT at an average cost basis of $310.23 per share. Following this increase, my yield on cost is 4.25%. (LMT’s forward yield is 2.18% at $605.54 per share). Since I opened my LMT position in January 2014, the stock has produced total returns of 114%, including $2,335.10 in dividend income. LMT became DivGro’s 12th Home Run stock in February 2018, when the stock doubled my original capital outlay. 5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Microsoft Dividend IncreaseVerizon Communications Dividend IncreaseAmphenol Corporation Dividend Increase
