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Lockheed Martin Returning Billions of Dollars to Shareholders

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Lockheed Martin (NYSE: LMT  ) is showing its shareholders the money -- and giving it to them as well.

On Thursday, the company announced two moves to return capital to shareholders, first by adding $3 billion to the funds its board of directors has authorized to be used for share repurchases, and second by increasing the amount of its Q4 2013 dividend payout by 16% to $1.33 per share.

Lockheed noted that the new dividend payment will be $0.18 greater than the Q3 payout. The new-and-improved Q4 dividend will be paid on Dec. 27, 2013.

With 267.65 million shares currently outstanding, Lockheed's Q4 dividend payout will be worth $356 million in total. Over the course of a year, it will swell to $1.4 billion, or nearly half the size of the buyback program.

Lockheed's new forward dividend yield is 4.1%.


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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4/24/2015 4:02 PM
LMT $195.37 Down -1.83 -0.93%
Lockheed Martin Co… CAPS Rating: ****

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