The Role of Lockheed Martin (LMT) in a Balanced Dividend Stock Portfolio

Group 1 - Lockheed Martin Corporation (NYSE:LMT) is recognized as a strong candidate for a dividend stock portfolio due to its consistent dividend growth and robust financial performance [1][4] - The company invests heavily in research and development, focusing on next-generation defense technologies, which positions it for long-term growth in cash flow and shareholder dividends [2] - Lockheed Martin's missile systems are increasingly important in US defense strategy, and the company benefits from strong sales of upgraded F-16 fighter jets and the unique position of the F-35 as a scalable fifth-generation aircraft [3] Group 2 - Lockheed Martin has a strong dividend history, having increased dividends for 22 consecutive years, with a current quarterly dividend of $3.30 per share and a dividend yield of 2.79% as of September 18 [4]