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PM has increased the quarterly dividend from $1.02 per share to $1.04. A 2 percent raise is hardly anything to be excited about, but I doubt many were expecting more. It looks to me like that puts the payout ratio in the neighborhood of 90 to 100 percent.
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Another double-digit boost from Lockheed. Gets my YOC over 9%!
Lockheed Martin (NYSE:LMT) declares $1.82/share quarterly dividend, 10.3% increase from prior dividend of $1.65.
Forward yield 2.96%