Lockheed ($LMT) announced its next dividend of $3.15 per share, a 5.0% increase over the company's previous payout of $3.00.
DivGro's annual dividend income will increase by $24.00 as a result.
I own 40 shares of LMT at an average cost basis of $310.23 per share. Following this increase, my yield on cost is 4.06%. In comparison, LMT's forward yield is 2.90% at $434.16 per share.
LMT became DivGro's 12th Home Run stock in February 2018 when the stock doubled my original capital outlay.
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