Home / Financial Report / Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

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.

Check Also

Georgia Tech Applied Research Lands $911M Army Aviation, Missile Tech R&D Contract

Georgia Tech Applied Research Corp. has secured a potential 10-year, $910.6 million contract to support …

Report: Boeing Amenable to Keeping Brazil’s ‘Golden Share’ in Embraer to Advance Tie-Up Talks

Boeing (NYSE: BA) intends to maintain the Brazilian government’s “golden share” in aerospace conglomerate Embraer …

Subscribe to our Newsletter
I will subscribe later