Lockheed Martin to pay Q1 dividend of $2.80 a share in late March

The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a first-quarter, 2022 dividend of $2.80 per share.

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

At Lockheed’s current stock price, the dividend yields about 2.85 percent on an annual basis. The payment is nearly 8 percent higher than the $2.60 a share that the defense contractor paid in the first quarter of 2021.

Lockheed Martin — a Bethesda, Maryland–based global security and aerospace company — 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 company has about 114,000 workers worldwide.