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Business/Financial

Lockheed Martin Boosts Dividend, Share Repurchase Authority

Defense Daily Staff

Friday, September 23rd, 2011

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Lockheed Martin [LMT] yesterday boosted its quarterly dividend by 33 percent and authorized up to an additional $2.5 billion in stock repurchases under its stock buy back program. The company’s new quarterly dividend will be $1 per share, payable on Dec. 30. The increase is 25 cents higher than the current dividend and represents the ninth consecutive annual increase of at least 10 percent in the company’s quarterly dividend rate. “We continue to deliver on our long-standing goal to return…

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