Portfolio Update
The FiveTwenty portfolio received $28.47 in dividends in the past week. TROW and MDU paid their quarterly dividends during the week.
| Past Week Dividend | $28.47 |
| Current Quarter Dividend (Q3 2021) | $0 |
| LifeTime Dividend | $505.34 |
| Estimated Annual Dividend | $2,002.27 |
The capital allocation for the week of 07/04/2021 to 07/10/2021 will be used to add to our position in Lockheed Martin Corp (NYSE: LMT)
LMT – Position Update
Since our last check-in on LMT in week 23 of 2021, the company declared Q3 2021 dividend of $2.60 per share on 06/24/2021. Additionally, the share price decreased 3.2% from $394.10 to $381.49.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 18 years | 18 years | |
| Yield | 2.73% | 2.59% | 2.84% |
| Payout Ratio | 40.7% | 40.7% | 51% |
| P/E | 15.27 | 15.72 | 16.3 |
Q1 2021 earnings report
Did LMT’s latest earnings report raise any warning flags?
We discussed LMT’s Q1 2021 financial results in the previous article. Overall, revenue grew 3.9%, net earnings increased 6.99%, and EPS were 7.9% higher compared to Q1 2020.
| Revenue (in millions) | Net Income (in millions) | EPS . | |
| Q1 2020 | $15,651 | $1,717 | $6.08 |
| Q1 2021 | $16,258 | $1,837 | $6.56 |
| % Change | 3.9% | 6.99% | 7.9% |
Additional noteworthy new developments:
- Like already mentioned, LMT declared Q3 2021 dividend of $2.60 per share on 6/24/2021.
- Switzerland became the 15th nation to join the F-35 program when it selected the F-35 Lightning II as its new fighter aircraft.
Thesis
Why are we adding LMT to the FiveTwenty portfolio?
With no significant new events for LMT, our investment thesis remains the same as in the last article. We also see the slight pullback in the share price since our last investment in the company, as an opportunity to add to our position at a better share price.
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Photo by Lawrence Hookham on Unsplash
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