No. of Recommendations: 4
I bought LMT in July 2013 for around $109. At the time the dividend was $4.60 for a 4.2%. From most valuation techniques I use they always seem over-priced, but given their many long-term contracts and good history of raising their dividend I think some premium is warranted. They just announced a 9.9% dividend increase to $8.00/share and the 3 year dividend growth rate is a little over 10%.

Long LMT
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