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With a strong outlook for cash flow this year Lockheed Martin [LMT] on Thursday said its board has approved an increase in the quarterly dividend and also boosted the stock buyback program. Lockheed Martin said it is increasing its quarterly dividend by 17 cents, or nearly 13 percent, to $1.50 per share payable Dec. 26. The new payment marks the 12th consecutive year the company has made a double-digit raise to the dividend. Lockheed Martin also increased the share repurchase…
