Notable News to Focus: The Lockheed Martin Corporation (NYSE:LMT)

The Lockheed Martin Corporation (NYSE:LMT) stock observed trading -12.62% off 52-week high price. On the other end, the stock has been noted 45.32% away from low price over the last 52-weeks. The stock disclosed a move of 0.06% away from 50 day moving average and 0.61% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.52% off 20-day moving average. It has market cap of $108.32B and dividend yield of 2.48%.

On Sept. 25, 2020, The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a fourth quarter 2020 dividend of $2.60 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on Dec. 24, 2020, to holders of record as of the close of business on Dec. 1, 2020.

Additionally, the corporation’s board has authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

The USA based company Lockheed Martin Corporation moved with change of 2.10% to $386.7 with the total traded volume of 1373604 shares in recent session versus to an average volume of 1.21M shares. The stock was observed in the 5 days activity at -2.14%. The one month performance of stock was -2.21%. LMT’s shares are at 8.39% for the quarter and driving a -1.58% return over the course of the past year and is now at -0.69% since this point in 2018.  Right now the stock beta is 0.93. The average volatility for the week and month was at 3.04% and 2.42% respectively. There are 279.80M shares outstanding and 279.33M shares are floated in market.

 

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