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Lockheed Board Approves $1.15 Dividend for 1Q 2013

Lockheed_Martin_Logo2Lockheed Martin‘s (NYSE: LMT) board of directors has approved a dividend of $1.15 per share for the first quarter of its 2013 fiscal year, the company said Thursday.

Shareholders of record as of the close of business on March 1 will receive the payment March 29.

The company also paid shareholders a $1.15-per-share dividend for its fourth quarter 2012, representing at the time Lockheed’s tenth consecutive annual double digit increase of its quarterly dividend.

Bob Stevens, then chairman and CEO, said the company aims to fulfill commitments to shareholders despite the potential of sequestration.

That dividend was 15 percent more than that of the previous quarter.

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