Lockheed Martin Returning Billions of Dollars to Shareholders

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%.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2657567, ~/Articles/ArticleHandler.aspx, 10/25/2014 5:43:34 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement