Lockheed Martin Boosts Investor Returns Amid Major Defense Contracts

Lockheed Martin has unveiled a significant capital return initiative for shareholders, combining an increased dividend with expanded stock repurchases. The defense contractor’s board approved a quarterly dividend of $3.45 per share on October 9, representing a $0.15 increase from the previous quarter and marking a 5 percent rise in shareholder distributions.

This dividend enhancement continues Lockheed Martin’s remarkable track record of returning value to investors, representing the company’s twenty-third consecutive annual dividend increase. Beyond the raised payout, directors authorized an additional $2 billion for share repurchases, bringing the total available for future buyback programs to approximately $9.1 billion.

The substantial return of capital to shareholders coincides with Lockheed Martin securing defense agreements totaling over $12 billion. The Pentagon announced a contract modification... Read more...