07-23-2013, 08:48 PM
I don't know, guys. I know it is easy to feel like you've missed the boat on Lockheed. But I just updated my spreadsheet on it to incorporate the latest (stellar!) earnings report, and I've got to say, it still looks like a solid pick to me, even at these prices. I've been speculating that this year's dividend increase is likely to be smaller, percentage-wise, than we've seen in recent years, especially in light of slow earnings growth. Even with the great earnings report I think we're unlikely to see a 20 percent boost, but should be a healthy 10 or 12 percent raise. Payout ratio and p/e are still solid, and it is still yielding close to 4 percent. I'm keeping a lookout for a solid pullback to perhaps grab a few more shares of this one above 4 percent.