By Kimberly Chin

Lockheed Martin Corp. (LMT) raised its dividend to $2.40 a share, up 9% from the last quarter.

The Bethesda, Md., company said the dividend will be payable on Dec. 27 to shareholders of record as of Dec. 2.

Shares of Lockheed rose 0.27% to $394 in after-hours trading, and has soared 50% year to date.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

September 26, 2019 16:57 ET (20:57 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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