Lockheed Martin Corp. (LMT) announced that its board of directors approved a 4.8% hike in its quarterly dividend to $3.30 per share, marking the 22nd consecutive annual dividend hike. The revised quarterly dividend is payable on Dec. 27, 2024, to shareholders of record at the close of the business on Dec. 2, 2024. The company's new annualized dividend rate is $13.20. The current dividend yield is 2.08%, better than the Zacks S&P 500 composite's 1.24%. Along with dividend payments, Lockheed's management cont ...