BETHESDA (dpa-AFX) - Lockheed Martin Corp. (LMT) board of directors has authorized the purchase of up to an additional $2.0 billion of Lockheed Martin common stock under its share repurchase program. With this increase, the total remaining authorization for future repurchases under the share repurchase program is approximately $4.3 billion.
The Lockheed Martin board has authorized a fourth quarter 2016 dividend of $1.82 per share, representing a 10 percent increase or $0.17 per share over last quarter. The dividend is payable on December 30, 2016 to holders of record as of the close of business on December 1, 2016.
Copyright RTT News/dpa-AFX
© 2016 AFX News
