Lockheed Martin Raises Quarterly Dividend by 4.8%, Boosts Buyback Program
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Dow Jones
By Sabela Ojea
Lockheed Martin is raising its quarterly dividend by 4.8%, to $3.30 cents per share.
The global security and aerospace company on Wednesday said that its board of directors approved a quarterly payout to shareholders of $3.30 a share from $3.15 previously.
The new payout, equal to $13.20 annually, represents a yield of 2.19%, based on the company's last closing price of $603.20.
The dividend will be paid on Dec. 2.
The company also approved a $3 billion increase to its current share buyback program, increasing its authorization to about $10 billion.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 02, 2024 17:39 ET (21:39 GMT)
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