Lockheed Martin Announces Fourth Quarter Dividend Increase and Share Repurchase Program Expansion

Lockheed Martin Corporation, a global security and aerospace company, has recently made two significant announcements that highlight its commitment to shareholders and its continued growth. The company’s board of directors has authorized a fourth quarter 2023 dividend of $3.15 per share, marking the 21st consecutive year of dividend increases. Additionally, the board has approved the expansion of its share repurchase program, allowing for the purchase of up to an additional $6 billion of Lockheed Martin common stock.

The fourth quarter dividend is set to be payable on December 29, 2023, to shareholders of record as of December 1, 2023. This consistent dividend increase demonstrates Lockheed Martin’s dedication to providing value to its investors and rewarding their continued support.

Furthermore, the expansion of the share repurchase program showcases the company’s confidence in its future prospects and its commitment to returning capital to shareholders. With the authorization nearly doubling the total program to $13 billion, Lockheed Martin is well-positioned to repurchase its own stock and potentially enhance shareholder value.

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation employs approximately 116,000 people worldwide and is involved in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company’s commitment to innovation and its ability to deliver cutting-edge solutions have solidified its position as a leader in the global security and aerospace industry.

Investors and stakeholders can stay updated with the latest announcements and news from Lockheed Martin by following @LMNews on X.

In conclusion, Lockheed Martin’s declaration of a fourth quarter dividend increase and the expansion of its share repurchase program demonstrate the company’s commitment to delivering value to its shareholders. With its continued focus on innovation and growth, Lockheed Martin remains at the forefront of the global security and aerospace industry.