LOCKHEED MARTIN RAISES DIVIDEND 24TH STRAIGHT YEAR

Lockheed Martin's board raised the quarterly dividend 4.3% to $3.60 a share, up from $3.45, payable December 31 to holders of record as of December 1. The increase marks the defense contractor's 24th consecutive year of dividend growth, even as the stock trades well off its 2022 highs. $LMT has delivered steady payout increases through every defense budget cycle of the past two decades.