12 Best Industrial Dividend Stocks to Invest in Now

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 65

Lockheed Martin Corporation (NYSE:LMT) is an American defense and aerospace manufacturing company, headquartered in Texas. The company specializes in advanced technology systems, services, and products. It showcased strong cash generation in fiscal 2024, reporting $7 billion in operating cash flow and $5.3 billion in free cash flow. The company returned $6.8 billion to shareholders through dividends and share repurchases. It currently pays a quarterly dividend of $3.30 per share, with a yield of 2.82% as of March 18. With 22 consecutive years of dividend growth, LMT is one of the best industrial dividend stocks.

In the fourth quarter of 2024, Lockheed Martin Corporation (NYSE:LMT) reported $18.6 billion in revenue, a 1.3% decline from the previous year. Despite this, the company remained focused on strengthening national security, investing over $3 billion in research, development, and capital expenditures to support customer initiatives. These efforts were aimed at fostering innovation and enhancing operational efficiency through advanced digital and manufacturing technologies. The company’s solid financial performance also enabled it to return more than 100% of its free cash flow to shareholders over the year.

At the end of Q4 2024, 65 hedge funds in Insider Monkey’s database held stakes in Lockheed Martin Corporation (NYSE:LMT), growing from 58 in the previous quarter. The consolidated value of these stakes is more than $2.36 billion. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q4.