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Business/Financial

Amid Uncertainty, Lockheed Martin Increases Dividend By 15 Percent

Friday, September 28th, 2012

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800x600 With sequestration looming and Congress unable to agree on terms for an FY ’12 defense budget, Lockheed Martin [LMT] yesterday said its board of directors has authorized a 15 percent increase in the company’s quarterly dividend to $1.15 per share, marking the tenth consecutive annual double-digit increase in the quarterly dividend rate. The dividend increase will take hold in the fourth quarter payout on Dec. 28. The current quarterly dividend is $1, which was bumped up 33 percent from…

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