Lockheed Martin increases dividend by 15%, announces $2 billion buyback

The American defense firm Lockheed Martin raised its quarterly dividend by 15%, from $3.30 to $3.45 per share, as stated by the company’s press service.

Published on
Read: < 1
Lockheed Martin increases dividend by 15%, announces $2 billion buyback © The Strategist

The payment is scheduled for December 30. The deadline for the shareholder record is set for December 1.

The dividend yield is estimated to be around 2.7% annually, given the present stock prices.

Moreover, the Board of Directors at Lockheed Martin authorized a share buyback initiative valued at up to $2 billion.

Starting in 2025, Lockheed Martin’s market cap has grown by 3.9% (reaching $118 billion), whereas the S&P 500 index has increased by 11.4%.

source: blooomberg.com

Leave a Comment

Share to...