Is a Lockheed Martin Stock Split Coming?
I recently discussed in a video with Joel South my belief that Lockheed Martin is a top name in the cybersecurity space that could benefit from increased measures to secure energy infrastructure. News that the company will be reducing its job force by 4,000 was certainly a bit surprising. However, now more than ever, I believe the company may soon also look to streamline its share price and reward shareholders by splitting the stock, a move that may also attract new investors.
Keep in mind the company did announce previous stock splits in 1983 and 1999. There was a 16-year gap between those previous splits, and in 2014 it will have been 15 years since the last split. Therefore the timing for a new split could be imminent, especially with the stock up a whopping 62% in 2013.
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John Licata has no position in any stocks mentioned. You can follow John on Twitter @bluephoenixinc.com. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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