NEW YORK ( TheStreet) -- The ex-dividend date for Lockheed Martin Corporation (NYSE: LMT) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of $1 per share. At a price of $89.51 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Lockheed Martin has been 2.3 million shares per day over the past 30 days. Lockheed Martin has a market cap of $26.61 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 10.7% 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 11.2, above the average aerospace/defense industry P/E ratio of 9.7 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 notable return on equity, good cash flow from operations and solid stock price performance. 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.