What is the total authorization for share repurchases by LMT?

The total authorization for share repurchases by Lockheed Martin is approximately $3 billion.

Lockheed Martin Declares Fourth Quarter 2020 Dividend

The Lockheed Martin Corporation (NYSE: LMT) announced a fourth quarter 2020 dividend of $2.60 per share, marking a $0.20 increase from the previous quarter.

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Rhea-AI Summary

The Lockheed Martin Corporation (NYSE: LMT) announced a fourth quarter 2020 dividend of $2.60 per share, marking a $0.20 increase from the previous quarter. This dividend, payable on Dec. 24, 2020, is for shareholders on record by the close of business on Dec. 1, 2020. The board also approved an additional $1.3 billion for its share repurchase program, raising total authorization for future share buybacks to around $3 billion. These actions reflect the company's commitment to returning income to shareholders.

Positive

Increase in dividend by $0.20 to $2.60 per share.
Total share repurchase authorization increased to approximately $3 billion.

Negative

None.

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News Market Reaction – LMT

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09/25/2020 - 06:32 PM EDT

BETHESDA, Md., Sept. 25, 2020 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2020 dividend of $2.60 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on Dec. 24, 2020, to holders of record as of the close of business on Dec. 1, 2020.

Additionally, the corporation's board has authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For additional information, visit our website: www.lockheedmartin.com.

View original content:http://www.prnewswire.com/news-releases/lockheed-martin-declares-fourth-quarter-2020-dividend-301138442.html

SOURCE Lockheed Martin

FAQ

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What is the fourth quarter 2020 dividend amount for LMT?

The fourth quarter 2020 dividend for Lockheed Martin (LMT) is $2.60 per share.

When is the dividend for LMT payable?

The dividend for LMT is payable on December 24, 2020.

When is the record date for receiving the dividend from LMT?

The record date to receive the LMT dividend is December 1, 2020.

Lockheed Martin Declares Fourth Quarter 2020 Dividend