Lockheed Martin Raises Quarterly Dividend By 16%

Today, the Lockheed Martin Corporation (NYSE: LMT) board of directors authorized a fourth quarter 2013 dividend of $1.33 per share.

„Our focus on strong performance, program execution and delivering on commitments to our customers enables us to generate value for our shareholders,” said Lockheed Martin Chief Executive Officer and President Marillyn A. Hewson. „We’re proud to deliver to our shareholders the 11th consecutive annual double-digit increase of the Lockheed Martin quarterly dividend rate.”

The increase is an $0.18 or 16 percent increase over the prior quarter. The dividend is payable on Dec. 27, 2013 to holders of record as of the close of business on Dec. 2, 2013.

Source / Author: Military Company News