Lockheed Martin’s board of directors has signed off on a 8.3% quarterly dividend increase to pay $2.60 per share and announced plans for an additional $1.3 billion share buyback.Lockheed Martin (LMT) said that its fourth-quarter dividend will increase by $0.20 per share over last quarter. The dividend is payable on Dec. 24, 2020, to holders of record as of the close of business on Dec. 1, 2020.In addition, the corporation’s board has authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock as part of its share repurchase program. Following the increase, total authorization for …read more
Source:: Yahoo Finance
