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Lockheed Martin Boosts Dividend, Share Repurchase Program

Defense Daily Staff Defense Daily Staff
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Lockheed Martin [LMT] yesterday said it is increasing its quarterly dividend and stock buyback program as part of its effort to return value to its shareholders. The company said its fourth quarter dividend will be raised to 18 cents, or 16 percent, to $1.33 per share. The dividend increase is the 11th consecutive annual double-digit increase by the company of its quarterly rate. The share repurchase program was increased by $3 billion. The number of shares to be bought and…

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