Lockheed Martin Raises Dividend, Boosts Stock Repurchases
September 23 2021 - 5:24PM
Dow Jones News
By Kimberly Chin
Lockheed Martin Corp. raised its quarterly dividend and expanded
its stock-buyback program with an additional authorization.
The Bethesda, Md., company's new dividend is $2.80 a share, up
from its previous dividend of $2.60 a share.
The dividend will be payable on Dec. 27 to shareholders of
record as of Dec. 1.
The security and aerospace company's board has also authorized
an additional $5 billion in share repurchases under its existing
program. This brings its total authorization to nearly $6 billion,
the company said.
Lockheed's shares rose 1.1% after hours to $348.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
September 23, 2021 17:09 ET (21:09 GMT)
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