|Lockheed Keeps Hiking Dividends Despite F-35 GlitchesBY NANCY GONDO, INVESTOR'S BUSINESS DAILY|
Even though its F-35 has been under fire for a spate of glitches, Lockheed Martin (NYSE: LMT) continues to secure orders for the high-tech fighter jet and other gear.
The orders have helped the defense contractor to steadily grow its annual earnings and provide shareholders with a hefty payout. Lockheed declared a Q2 dividend of $1.50 a share, which works out to a 3.1% yield at current prices, well above the S&P 500's 1.94% average.
The Bethesda, Md.-based company is also a reliable dividend payer, with a Dividend Stability Factor of 3 on a scale from 0 (most stable) to 99 (most volatile). This gauge measures how stable a company's dividend history is over a three- to five-year period.