Lockheed Martin Dividends and Buybacks
Dividend criteria checks 5/6
Lockheed Martin is a dividend paying company with a current yield of 2.71% that is well covered by earnings.
Key information
2.7%
Dividend yield
1.9%
Buyback Yield
| Total Shareholder Yield | 4.6% |
| Future Dividend Yield | 3.0% |
| Dividend Growth | 7.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 65% |
Recent dividend and buyback updates
Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.45
Oct 29
Lockheed Martin (NYSE:LMT) Is Increasing Its Dividend To $3.45
Oct 13Recent updates
Lockheed Martin Q1 2026: Noise Vs. Signal In The Defense Sector
May 05
LMT: Space And Defense Contract Wins Will Sustain Long-Term Cash Generation
Analysts have raised the Lockheed Martin fair value estimate from $740 to $770, citing higher assumed revenue growth, a slightly lower discount rate, and a modestly richer future P/E multiple, even as projected profit margins are fractionally softer. Analyst Commentary Street research in recent weeks reflects an active debate around Lockheed Martin, with a cluster of higher price targets from bullish analysts alongside a small number of more cautious or bearish revisions.
Orbit + Aero + Defense
Key Takeaways Two simple engines: Orbit (Space): building space-based “defence infrastructure” (sensing, tracking, comms). Aero + Defence: the big money makers today (F-35, missiles/missile defense, radars/mission systems).
Lockheed Martin Corp (LMT): The "21st Century Security" Architect Scaling for a Global Rearmament Cycle
Lockheed Martin Corp (LMT) , the world’s largest defense contractor, closed the April 8, 2026, trading session at $626.01 USD on the NYSE. The stock has been a standout "safe-haven" performer in 2026, climbing more than 26% year-to-date as global geopolitical tensions drive a durable rearmament cycle.
LMT: Policy Constraints On Capital Returns Will Pressure Future Earnings Expectations
Lockheed Martin's fair value estimate edges up to $566.77 as analysts adjust price targets higher by between $10 and $132, pointing to updated assumptions around revenue growth, profit margins and sector funding scenarios. Analyst Commentary Recent Street research on Lockheed Martin has leaned constructive overall, but there is a clear pocket of caution that investors should factor into expectations around valuation, execution and growth.LMT: Policy Shifts And Capital Returns Will Shape Future Earnings Expectations
Analysts have nudged the price target for Lockheed Martin lower to reflect a slightly higher discount rate and a modestly adjusted long term fair value at $561.76. They still point to incremental gains in revenue growth, profit margins and future P/E assumptions, supported by a wave of recent target increases across the Street.LMT: Sector Funding Momentum And Policy Support Will Sustain Long-Term Cash Generation
Analysts have lifted their fair value estimate for Lockheed Martin to $740 from $605, reflecting updated assumptions for slightly lower discount rates, higher revenue growth, firmer profit margins, and a higher future P/E multiple that are broadly in line with the recent wave of price target increases across the Street. Analyst Commentary The recent round of Street research on Lockheed Martin has leaned firmly constructive, with a series of upward price target revisions that align with the higher internal fair value estimate.LMT: Higher Future P E Assumptions Will Likely Face Policy Headwinds
Analysts have lifted their implied fair value estimate for Lockheed Martin by about $170 per share to $568.61, reflecting a higher assumed future P/E multiple and modest tweaks to growth, margins, and discount rate after a series of recent price target increases across the Street, even as one firm turned more cautious. Analyst Commentary Street research has been active on Lockheed Martin, with several firms revisiting their models, price targets, and assumptions around margins, growth, and capital deployment.
LMT: Sector Momentum And Policy Shifts Will Shape Future Risk Reward Balance
Analysts have lifted their price expectations for Lockheed Martin, with our fair value estimate moving from $569.68 to $652.53 as they factor in higher modeled revenue growth, slightly stronger profit margins, a marginally lower discount rate, and a modestly higher future P/E, in line with a series of recent price target increases across the Street. Analyst Commentary Street research on Lockheed Martin has been active, with most recent notes centered on refreshed models, updated P/E assumptions, and shifting views on how policy moves and sector trends could feed into valuation.Investors Appear Satisfied With Lockheed Martin Corporation's (NYSE:LMT) Prospects As Shares Rocket 28%
Jan 30LMT: Sector Momentum And Policy Shifts Will Shape Balanced Future Returns
Our updated narrative reflects a higher analyst price target for Lockheed Martin, with fair value moving from $528.17 to $569.68 as analysts fold in revised sector assumptions, modestly higher revenue growth and P/E expectations, and recent rounds of target increases across the Street. Analyst Commentary Recent research on Lockheed Martin clusters around higher price targets, but the reasons behind those moves are mixed.LMT: Strong Order Pipeline And Policy Tailwinds Should Support Long-Term Cash Generation
Narrative Update Analysts have lifted their implied fair value estimate for Lockheed Martin from about $589.61 to $605.00. This reflects updated views on fixed price program execution risk, slightly adjusted profit and revenue assumptions, and a higher future P/E multiple following recent price target increases tied to strong order activity across key defense programs.LMT: Backlog-Fueled Defense Programs Should Drive Stronger Long-Term Cash Generation
Analysts have modestly raised their price target on Lockheed Martin to approximately $590 from about $544, citing improving top line growth supported by strong F-35, CH-53K, PAC-3 and other program orders, as well as expectations for better program execution despite lingering operational challenges and a nuanced Defense spending outlook. Analyst Commentary Bullish analysts are highlighting a more constructive outlook on Lockheed Martin ahead of upcoming quarterly results, pointing to both program momentum and a gradually improving execution picture.LMT: Rising Defense Export Demand Will Drive Returns Despite Execution Risks
Analysts have modestly raised their price targets on Lockheed Martin, with recent increases to $500 and $545 per share reflecting stronger order momentum in key programs and resilient aerospace demand, even as operational challenges and a higher discount rate temper the potential upside. Analyst Commentary Street research heading into the Q3 print reflects a balanced mix of optimism around Lockheed Martin's growth prospects and caution around execution risks and the broader defense spending backdrop.LMT: Future Demand Shifts Will Drive Results Despite Operational Challenges
Lockheed Martin's analyst price target has increased by $18 to $528, as analysts cite stronger revenue forecasts and ongoing program demand. They also note continued operational challenges and a cautious outlook for government spending.LMT: Future Results Will Reflect Order Momentum Amid Ongoing Execution Risks
Lockheed Martin's analyst price target has risen from $516.56 to $526.88. This change reflects analysts' optimism following robust order activity, an improved revenue growth outlook, and ongoing monitoring of operational performance.Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.45
Oct 29Analysts Raise Lockheed Martin Target Amid Strong Orders and Sector Challenges
Lockheed Martin's analyst fair value estimate has been raised from $493.71 to $516.56 per share as analysts note stronger order growth and improved profitability. This is partially offset by operating challenges and a mixed defense outlook.Lockheed Martin (NYSE:LMT) Is Increasing Its Dividend To $3.45
Oct 13Next-Generation Air And Missile Systems Will Open Global Markets
Lockheed Martin's analyst price target increased modestly from $476.67 to $493.71. This reflects a mix of optimism toward global defense budgets and ongoing caution around program charges and execution risks, according to analysts.Next-Generation Air And Missile Systems Will Open Global Markets
Analysts have modestly reduced Lockheed Martin’s price target to $476.67, citing concerns over unexpected program charges, CFO transition risks, and execution challenges—offset by improving global defense budgets and attractive valuation. Analyst Commentary Bullish analysts highlight that Lockheed Martin’s current valuation is attractive given accelerating global defense budgets, seeing shares as “too cheap to ignore” despite recent charges and low sentiment.Lockheed Martin's Stock Price Reflects Undue Pessimism Offering Margin Of Safety
Apr 25Lockheed Martin: Buy The Drop On This Mispriced Bargain
Mar 24Lockheed Martin: Favorable Valuation
Mar 13Lockheed Martin Stock Decline Offers Opportunity To Buy
Feb 24Lockheed Martin 2024 Earnings Weakness A Sign Of Deeper Troubles?
Jan 29Lockheed Martin: Recession Proof Your Portfolio And Dividends With LMT
Jan 09Why Lockheed Martin Stock Is A Buy In 2025 Despite Low Growth
Dec 09Stability and Growth of Payments
Fetching dividends data
Stable Dividend: LMT's dividends per share have been stable in the past 10 years.
Growing Dividend: LMT's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Lockheed Martin Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (LMT) | 2.7% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Aerospace & Defense) | 1.2% |
| Analyst forecast (LMT) (up to 3 years) | 3.0% |
Notable Dividend: LMT's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.41%).
High Dividend: LMT's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (4.24%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (65.2%), LMT's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (56.2%), LMT's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 03:30 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2026/03/29 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lockheed Martin Corporation is covered by 41 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Peter Arment | Baird |
| David Strauss | Barclays |