NEW YORK (

TheStreet

) -- The ex-dividend date for

Lockheed Martin Corporation

(NYSE:

LMT

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 75 cents per share. At a price of $74.03 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for Lockheed Martin has been 2.6 million shares per day over the past 30 days. Lockheed Martin has a market cap of $24.2 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 4.8% year to date as of the close of trading on Friday.

Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the United States and internationally. The company has a P/E ratio of 9.5, above the average aerospace/defense industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lockheed Martin as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Lockheed Martin Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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