NEW YORK ( TheStreet) -- The ex-dividend date for Lockheed Martin Corporation (NYSE: LMT) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of $1 per share. At a price of $76.18 as of 9:30 a.m. ET, the dividend yield is 5.4%. The average volume for Lockheed Martin has been 2.7 million shares per day over the past 30 days. Lockheed Martin has a market cap of $24.1 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 7.8% 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 9.2, above the average aerospace/defense industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 17.7.
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, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Lockheed Martin Ratings Report. See our dividend calendar or top-yielding stocks list.