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.

You may also be interested in...

a.i. solutions

a.i. solutions Wins Potential $203M MDA Advisory, Assistance Contract

Lanham, Maryland-based a.i. solutions has won a potential five-year, $203.2M contract to advise and assist the Missile Defense Agency on quality and mission assurance matters.

Hawk Carlisle President and CEO NDIA

NDIA Adds 16 Industry Execs to Board; Hawk Carlisle Quoted

Sixteen executives from the private sector have been appointed to serve on the National Defense Industrial Association’s board of directors for a term of up to six years. Herbert “Hawk” Carlisle, president and CEO of NDIA, said in a statement released Monday the new board members bring a “deep knowledge bank” he believes will help the organization sustain its mission while supporting the defense industrial base.