Lockheed Announces 15% Higher Dividend for 4Q in ‘Uncertain’ Environment; Bob Stevens Comments

Bob Stevens

Lockheed Martin‘s (NYSE: LMT) board of directors has approved a fourth quarter 2012 dividend of $1.15 per share, representing a 15 percent increase over the last quarter.

The company said this dividend is payable on Dec. 28, 2012 to holders of record as of the close of business on Dec. 3, 2012.

Despite the uncertain budget environment that includes concerns over sequestration, Chairman and CEO Bob Stevens said the company still aims to meet customer commitments.

During the company’s last earnings call, Stevens addressed the impacts of sequestration on how the company is executing programs (click here for his comments).

This is the tenth consecutive annual double digit increase of the company’s quarterly dividend.

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