Forget AI Stocks: This Defense Giant Has Raised Its Dividend Each of the Last 10 Years and Currently Pays a 2.75% Yield
Lockheed Martin is a durable dividend growth stock that may be just what the doctor ordered for tech-heavy portfolios.
Overview
With the artificial intelligence (AI) trade captivating investors' hearts and minds (and their dollars), it's not surprising that some market participants may be overallocated to that theme. These days, it's an understatement to say tech stocks are prominent.
Just look at the S&P 500 (SNPINDEX: ^GSPC). A once-diverse collection of large-cap U.S. companies, the index is heavily weighted toward AI and tech. Each of its top 10 holdings, which account for more than 34% of the index's weight, touches AI in some form.
Details
Most of those are low-yielding stocks, and some don't even pay dividends. So investors seeking the benefits of sector diversification and equity income should augment their tech holdings with some different "flavors," one of which is Lockheed Martin (NYSE: LMT).
Source
Originally published at www.fool.com.
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