Lockheed Martin Boosts Investor Returns Through Dividend Hike and Share Repurchases

Defense contractor Lockheed Martin has unveiled a significant capital return initiative, announcing a dual approach that directly benefits its shareholders. The company is raising its dividend payment while substantially increasing funds available for stock buybacks, signaling strong confidence in its financial position and future prospects.

The corporation declared a 5 percent increase in its quarterly dividend, elevating the payment to $3.45 per share. This adjustment continues an impressive pattern of dividend growth, representing the twenty-third consecutive year that Lockheed Martin has raised its distribution to investors. Shareholders of record as of December 1 will receive the enhanced payment on December 30.

Simultaneously, the defense giant has allocated an additional $2 billion to its share repurchase program. This infusion expands the total authorization available... Read more...