Lockheed Martin (LMT) DRIP Rating: 
Quick Takeaway: Lockheed Martin recently introduced fees for both direct stock purchases and dividend reinvestements, leading us to lower our DRIP rating for Lockheed Martin to two stars. Lockheed Martin is still a very solid company that has increased its dividend twelve consecutive years, though DRIP investors should be aware of the fee changes (see below).
Lockheed Martin DRIP Plan Prospectus
| Consecutive Years of Higher Dividends | 12 |
|---|---|
| Purchase Fees | $5 + $0.12/share (cash purchases) $2.50 + $0.12/share (automatic investments) |
| Dividend Reinvestment Fee | 5% + $0.12/share |
| Discount on Reinvested Dividends | NONE |
| Direct Enrollment(DE)? | Yes |
| DE Minimum Investment | $250 |
| Optional Cash Purchases (OCP)? | Yes |
| OCP Minimum | $50 transaction |
| OCP Maximum | $250,000/year |
| OCP Purchases Made | Weekly |
| Transfer Agent | Computershare |
| Key Dividend Data | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.83 | $2.34 | $2.64 | $3.25 | $4.15 | $4.78 | $5.49 |
| Percent Increase by Year | 24.5% | 27.9% | 12.8% | 23.1% | 27.7% | 15.2% | 14.9% |
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Company Profile
Lockheed Martin is a global security and information technology company organized into four categories, including: 1) Aeronautics, 2) Electronic Systems, 3) Information Systems and Global Solutions and 4) Space Systems. The company's largest customer segment includes the U.S. Department of Defense and it is the largest supplier of IT services, systems integration and traning to the U.S. government. LMT shares are a component of the S&P 500.
Key Products & Brands:
F-16 Fighting Falcon, F-22 Raptor, HELLFIRE II Missle, Intercontinental Ballistic Missiles, Lunar Prospector
Next Dividend Payment:
Next Dividend: $1.50/share
Ex-Date: 2/25/2015
Record Date: 3/2/2015
Dividend Paid: 3/27/2015
Transfer Agent Contact:
Lockheed Martin Direct Invest
c/o Computershare
P.O. Box 30170
College Station, TX 77842-3170
Phone: 877-498-8861
* By clicking this button you will initiate a share purchase request to other FirstShare community members.
