BETHESDA, Md., Sept. 23, 2021 /PRNewswire/ -- As part of
the company's capital allocation strategy, the Lockheed Martin
Corporation (NYSE: LMT) board of directors has authorized an
increase in its quarterly dividend and share repurchase authority.
The board declared a fourth quarter 2021 dividend of $2.80 per share, representing an increase of
$0.20 per share over last quarter.
The dividend is payable on Dec. 27,
2021, to holders of record as of the close of business on
Dec. 1, 2021.
Additionally, the company's board has authorized the purchase of
up to an additional $5 billion of
Lockheed Martin common stock under its share repurchase program.
With this increase, total authorization for future repurchases
under the share repurchase program is approximately $6 billion. The number of shares purchased and
the timing of purchases are at the discretion of management and
subject to compliance with applicable law and regulation.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a
global security and aerospace company that employs approximately
114,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services. For additional information, visit our
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SOURCE Lockheed Martin