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  • Thursday, April 25, 2024

Exelis Declares 10 Cent Dividend for 4Q 2012

The board of directors at ITT Exelis (NYSE: XLS) has approved a cash dividend of 10.33 cents per share for the fourth quarter of 2012, the company announced Thursday.

Shareholders of record as of Nov. 16, 2012 will receive the payment on Jan. 1, 2013.

The company announced its second quarter 2012 financial results in August, reporting a nine-percent year-over-year increase in profit to $86 million.

During that quarter, the company received $1.2 billion in new orders, with that figure including $300 million coming from both U.S. and international customers for electronic warfare products.

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