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.
