Lockheed Martin: Strong Q2 2020 Results Help To Maintain My Buy Rating

A true measure of whether a stock is worthy of consideration for a dividend growth investor's portfolio lies not only in how a company performs in a stable operating environment, but also how a company performs in an uncertain operating environment.

One company that has delivered strong operating results in a stable operating environment, and more recently in the uncertain operating environment, is Lockheed Martin (NYSE:LMT).

As I'll discuss below for the first time since last month, Lockheed Martin's safe dividend with high-single-digit growth potential, solid Q2 2020 operating results and strong balance sheet, in combination with its attractive stock price relative to my estimated fair value prompted me to reiterate my buy rating for shares of the stock.

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