Lockheed Martin (LMT) will raise its quarterly dividend by 10.3 percent to $1.82 per share, marking 14 years of consecutive annual dividend increases. The new dividend yield for LMT is 3.0%.

"Our strong performance for our customers this year has enabled us to increase the dividend and enhance the value we deliver to our stockholders," said Marillyn Hewson, Lockheed Martin Chairman, President and CEO. "We've taken significant steps over the past year to reshape our portfolio and strengthen our core defense business. I'm confident this positions us well to grow and deliver long term value for our stockholders."

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.