Staying consistent with the theme that I brought up in my previous article on National Retail Properties (NNN), I continue to believe that the core of a dividend growth investor's portfolio should be comprised of dividend stocks with track records of delivering dividend growth regardless of whether the operating environment is favorable or unfavorable in the immediate term.

An example of a stock that fits this mold, which has recently recaptured my attention, is that of Lockheed Martin (LMT).

As I'll discuss below for the first time since I last covered the stock in August, Lockheed Martin's dividend safety and high-single digit annual growth potential remains intact, Lockheed Martin once again delivered steady results in the third quarter while it continued to maintain a healthy balance sheet, and Lockheed Martin is currently priced at a moderate discount to my estimated fair value, which is why I continue to rate shares of the stock as a buy at this time.

READ FULL ARTICLE HERE