Easy Extra Money Idea of the Day:
LMT is another of my favorite dividend stocks because they pay a very healthy dividend and, for better or worse, they are in the business of security and defense which shows no signs of slowing down.
Because of the current climate in the world, security and defense companies such as LMT are in a very good position. LMT has operations worldwide and has contracts with multiple countries and governments but the USA government is by far their largest client. This is good and bad because while the USA spends a very large amount on security and defense, and LMT tends to win many USA government contracts, this also leads to risk because of political reasons, possible budgetary cuts, and the fact that LMT relies on the USA government for so much business. Regardless, LMT and its healthy dividend is a core position in my dividend portfolio.
- LMT is a security and aerospace company with operations worldwide
- Founded in 1909 and based in Bethesda, Maryland
- Dividend Payout Schedule: 3-6-9-12
- To create monthly dividend income, pair with an investment from Dividend Payout: 1-4-7-10 and Dividend Payout: 2-5-8-11
Check out our YouTube review of LMT!