LMT Increases Share Repurchase Authority By $2.0 Bln – Markets Insider

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(RTTNews) – Lockheed Martin Corp. (LMT) said that its board has authorized the purchase of up to an additional $2.0 billion of common stock under its share repurchase program. With this increase, the total remaining authorization for future repurchases under the share repurchase program is approximately $4.0 billion.

Lockheed Martin board of directors has authorized a fourth quarter 2017 dividend of $2.00 per share, representing a 10 percent increase or $0.18 per share over last quarter. The dividend is payable on December 29, 2017 to holders of record as of the close of business on December 1, 2017.

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