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Is NYSE:LMT suited for dividend investing?

By Mill Chart

Last update: Apr 1, 2024

Our stock screener has spotted LOCKHEED MARTIN CORP (NYSE:LMT) as a good dividend stock with solid fundamentals. NYSE:LMT shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

Assessing Dividend Metrics for NYSE:LMT

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NYSE:LMT earns a 7 out of 10:

  • LMT's Dividend Yield is rather good when compared to the industry average which is at 1.28. LMT pays more dividend than 96.92% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 2.31, LMT pays a bit more dividend than the S&P500 average.
  • On average, the dividend of LMT grows each year by 8.25%, which is quite nice.
  • LMT has been paying a dividend for at least 10 years, so it has a reliable track record.
  • LMT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Health Analysis for NYSE:LMT

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:LMT scores a 6 out of 10:

  • An Altman-Z score of 3.76 indicates that LMT is not in any danger for bankruptcy at the moment.
  • LMT has a Altman-Z score of 3.76. This is in the better half of the industry: LMT outperforms 69.23% of its industry peers.
  • LMT has a debt to FCF ratio of 2.80. This is a good value and a sign of high solvency as LMT would need 2.80 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.80, LMT belongs to the best of the industry, outperforming 86.15% of the companies in the same industry.

Profitability Examination for NYSE:LMT

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:LMT, the assigned 8 is a significant indicator of profitability:

  • With an excellent Return On Assets value of 13.19%, LMT belongs to the best of the industry, outperforming 95.38% of the companies in the same industry.
  • The Return On Equity of LMT (101.24%) is better than 96.92% of its industry peers.
  • With an excellent Return On Invested Capital value of 20.73%, LMT belongs to the best of the industry, outperforming 98.46% of the companies in the same industry.
  • LMT had an Average Return On Invested Capital over the past 3 years of 20.32%. This is significantly above the industry average of 8.68%.
  • The 3 year average ROIC (20.32%) for LMT is below the current ROIC(20.73%), indicating increased profibility in the last year.
  • With an excellent Profit Margin value of 10.24%, LMT belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
  • LMT's Profit Margin has improved in the last couple of years.
  • LMT has a better Operating Margin (12.73%) than 86.15% of its industry peers.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Check the latest full fundamental report of LMT for a complete fundamental analysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

Back

LOCKHEED MARTIN CORP

NYSE:LMT (5/24/2024, 7:04:00 PM)

Premarket: 467 -0.35 (-0.07%)

467.35

+0.27 (+0.06%)

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