Lockheed Martin (LMT) will raise its quarterly dividend by 9.1 percent to $2.40 per share in 2019. This follows a 10.0 percent dividend increase by the defence company last year. This year will be the 17th consecutive year of dividend increases by LMT.

The next LMT dividend is payable on December 27, 2019, to holders of record as of the close of business on December 2, 2019. A new annual rate of $9.60 per share yields 2.4% at a stock price of $393.

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.