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Confident in its business prospects, Huntington Ingalls Industries [HII] on Thursday said its board of directors has approved a 100 percent increase in the quarterly dividend while also doubling the current stock repurchase program. The new quarterly dividend, which will be payable on Dec. 12, is 40 cents per share while the stock repurchase authority is now $600 million, HII said. The stock buyback program has also been extended by two years until Oct. 31, 2019. “Increasing the quarterly cash…
