Lockheed Martin (LMT) will raise its quarterly dividend by 16.5 percent to $1.33 per share in the fourth quarter of 2013. In 2012 the defence company hiked its dividend by fifteen percent to $1.15 per share quarterly.

The increased dividend is payable on December 27, 2013, to holders of record as of the close of business on December 2, 2013. The ex-date for this next dividend payment is November 27, 2013.

Lockheed Martin is a security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company also provides a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Lockheed serves both U.S. and international customers with its principal customers being agencies of the U.S. Government. The company's four business segments are: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Lockheed has paid a dividend every year since 1995.