In a mixing bowl, combine the cream cheese, mayonnaise, sour cream, lemon juice, Worcestershire sauce, garlic powder, salt, and pepper. Mix until smooth.
Fold in the chopped lobster meat and shredded cheddar cheese.
Transfer the mixture to a baking dish and spread evenly.
Bake in the preheated oven for 20 minutes, or until the dip is bubbly and golden brown on top.