Lockheed Martin Stock To Go Ex-dividend Tomorrow (LMT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Lockheed Martin Corporation (NYSE: LMT) is tomorrow, May 30, 2013. Owners of shares as of market close today will be eligible for a dividend of $1.15 per share. At a price of $106.84 as of 9:35 a.m. ET, the dividend yield is 4.3%.

The average volume for Lockheed Martin has been 2.2 million shares per day over the past 30 days. Lockheed Martin has a market cap of $34.3 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 16% year to date as of the close of trading on Tuesday.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. The company has a P/E ratio of 12.4, 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 solid stock price performance, growth in earnings per share, notable return on equity, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Lockheed Martin Ratings Report.

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