Lockheed Martin hikes dividend 7% as Ukraine war drags on

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Lockheed Martin Corp. LMT, -0.90% said late Friday its board approved a 7% hike to the aerospace and defense company’s dividend. The company said it will pay a $3-a-share dividend, up from a previous $2.80 a share, on Dec. 30, to shareholders of record as of Dec. 1. Shares of Lockheed Martin are up 8.7% for the year, compared with a 25% decline on the S&P 500 index SPX, -1.51%. Lockheed Martin not only makes the High Mobility Artillery Rocket Systems, or HIMARS, but partners with Raytheon Technologies Corp. RTX, -0.58% to make the Javelin anti-tank missile system, both of which have been supplied to Ukraine by the U.S. to defend itself from Russian invasion.

This article was originally published by Marketwatch.com. Read the original article here.

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