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Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

Marillyn Hewson
Marillyn Hewson

Lockheed Martin (NYSE: LMT) will move forward on its share repurchase program after the board of directors approved to buy back an additional $2 billion of the company’s common stock.

The company also said Thursday its dividend for its fiscal year 2014 fourth quarter will increase 13 percent from the previous quarter $1.50 and is payable on Dec. 26 to shareholders of record as of Dec.1.

Marillyn Hewson, Lockheed chairman, president and CEO, this double-digit increase follows similar increases in quarterly dividend rates from the previous years.

Lockheed reports 2013 net sales of $45.4 billion.

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