Lockheed Martin Corporation

LMT
Industrials
$527.96
2.59%Overvalued

Lockheed Martin Corporation (LMT) is a Industrials company that currently yields 2.59% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $407.19 and the overvaluation threshold at $530.58. Lockheed Martin Corporation holds a quality score of 52/100 (Average), reflecting 14 consecutive years of dividend growth with a 65% payout ratio. The 5-year dividend CAGR stands at 6.4%.

LMT Dividend Yield History — Weiss Valuation

Underval. $407.19Overval. $530.58

Distance to undervalued

Entry price is stretched

Needs 22.9% downside to reach the Weiss buy zone

Undervaluation starts near $407.19, where the annual dividend would imply roughly 3.35% yield. That is 0.77% above today's yield.

Buy-zone price

$407.19

Target yield

3.35%

Research checklist

What to clear before buying the yield

Updated Jul 9, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

65%

Earnings coverage leaves room for noise.

Cash payout

80%

Free cash flow coverage supports the payment.

Dividend growth

6.4%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-07-082026-07-09

Price

-1.4%

$535.38 $527.96

Price fell 1.4% since the prior snapshot.

Why Now?

Lockheed Martin Corporation is trading near its historical overvaluation band.

Current yield 2.6% vs historical max 6.0% (43% of maximum).

14 consecutive years without a dividend cut.

Reasonable payout ratio of 65%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 52/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

LMT Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$275

Year 10 Income

$659

Yield on Cost

6.91%

Total Income

$4,371

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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More research

Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

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LMT Dividend Quality Score

Quality Score

52/ 100

Average

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)15/20
Yield vs History0/15
FCF Coverage5/15

Key Metrics

Current Price$527.96
Annual Dividend$13.65
Current Yield2.59%
Yield — Max (10Y)6.03%
Yield — Min (10Y)2.65%
Undervalued Below$407.19
Overvalued Above$530.58
Payout Ratio65.38%
CAGR Dividend 5Y6.4%
CAGR Dividend 10Y8.1%
Years No Cut14y

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14
consecutive years of dividend growth