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Lockheed Martin Declares Fourth Quarter 2024 Dividend

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Lockheed Martin (NYSE: LMT) has announced a fourth quarter 2024 dividend of $3.30 per share, representing a $0.15 increase from the previous quarter. This marks the company's 22nd consecutive year of dividend increases. The dividend will be paid on Dec. 27, 2024, to shareholders of record as of Dec. 2, 2024.

Additionally, Lockheed Martin's board has authorized an additional $3 billion for share repurchases, bringing the total authorization for future repurchases to approximately $10 billion. The company retains discretion over the number of shares purchased and the timing of these repurchases, subject to compliance with applicable laws and regulations.

Lockheed Martin (NYSE: LMT) ha annunciato un dividendo per il quarto trimestre del 2024 di $3,30 per azione, che rappresenta un aumento di $0,15 rispetto al trimestre precedente. Questo segna il 22esimo anno consecutivo di aumenti dei dividendi per l'azienda. Il dividendo sarà pagato il 27 dicembre 2024 agli azionisti registrati al 2 dicembre 2024.

Inoltre, il consiglio di amministrazione di Lockheed Martin ha autorizzato un ulteriore $3 miliardi per il riacquisto di azioni, portando l'autorizzazione totale per i futuri riacquisti a circa $10 miliardi. L'azienda mantiene la discrezione sul numero di azioni acquistate e sui tempi di questi riacquisti, in conformità con le leggi e i regolamenti applicabili.

Lockheed Martin (NYSE: LMT) ha anunciado un dividendo para el cuarto trimestre de 2024 de $3.30 por acción, lo que representa un incremento de $0.15 con respecto al trimestre anterior. Esto marca el 22º año consecutivo de aumentos en los dividendos de la compañía. El dividendo se pagará el 27 de diciembre de 2024 a los accionistas registrados hasta el 2 de diciembre de 2024.

Además, la junta directiva de Lockheed Martin ha autorizado 3 mil millones de dólares adicionales para la recompra de acciones, elevando la autorización total para futuras recompras a aproximadamente $10 mil millones. La compañía conserva la discreción sobre el número de acciones compradas y el momento de estas recompras, sujeto a cumplimiento de las leyes y regulaciones aplicables.

록히드 마틴 (NYSE: LMT)은 2024년 4분기 배당금주당 $3.30으로 발표했으며, 이는 이전 분기보다 $0.15 증가한 것입니다. 이는 회사의 22년 연속 배당금 인상을 의미합니다. 배당금은 2024년 12월 27일에 지급되며, 2024년 12월 2일 기준으로 등록된 주주에게 지급됩니다.

또한, 록히드 마틴 이사회는 30억 달러 추가 자사주 매입을 승인하여 향후 매입을 위한 총 승인을 약 100억 달러로 늘렸습니다. 회사는 매입할 주식의 수와 매입 시기에 대해 법률 및 규정을 준수하며 재량을 유지합니다.

Lockheed Martin (NYSE: LMT) a annoncé un dividende pour le quatrième trimestre 2024 de 3,30 $ par action, ce qui représente une augmentation de 0,15 $ par rapport au trimestre précédent. Cela marque la 22ème année consécutive d'augmentations de dividendes pour l'entreprise. Le dividende sera payé le 27 décembre 2024 aux actionnaires enregistrés au 2 décembre 2024.

De plus, le conseil d'administration de Lockheed Martin a autorisé 3 milliards de dollars supplémentaires pour le rachat d'actions, portant l'autorisation totale des futurs rachats à environ 10 milliards de dollars. L'entreprise conserve la discrétion quant au nombre d'actions achetées et au moment de ces rachats, sous réserve du respect des lois et règlements applicables.

Lockheed Martin (NYSE: LMT) hat eine Dividende für das vierte Quartal 2024 von 3,30 $ pro Aktie angekündigt, was eine Erhöhung um 0,15 $ im Vergleich zum vorhergehenden Quartal darstellt. Dies markiert das 22. Jahr in Folge mit Dividendensteigerungen für das Unternehmen. Die Dividende wird am 27. Dezember 2024 an die Aktionäre ausgezahlt, die am 2. Dezember 2024 im Aktienregister stehen.

Darüber hinaus hat der Vorstand von Lockheed Martin weitere 3 Milliarden $ für den Aktienrückkauf genehmigt, wodurch die Gesamtermächtigung für zukünftige Rückkäufe auf etwa 10 Milliarden $ ansteigt. Das Unternehmen behält sich das Ermessen über die Anzahl der gekauften Aktien und den Zeitpunkt dieser Rückkäufe vor, unter der Voraussetzung der Einhaltung der geltenden Gesetze und Vorschriften.

Positive
  • Dividend increased by $0.15 per share to $3.30
  • 22nd consecutive year of dividend increases
  • Additional $3 billion authorized for share repurchases
  • Total share repurchase authorization now approximately $10 billion
Negative
  • None.

Insights

Lockheed Martin's dividend increase and share repurchase authorization are significant moves that signal confidence in the company's financial health and commitment to shareholder returns. The $3.30 per share dividend represents a 4.8% increase from the previous quarter, continuing a strong 22-year streak of dividend growth. This consistency is highly valued by income-focused investors.

The additional $3 billion authorization for share repurchases, bringing the total to approximately $10 billion, is substantial. For context, this represents about 6.9% of Lockheed's current market cap. Such a large buyback program can potentially boost earnings per share and support the stock price.

These shareholder-friendly actions suggest management's optimism about future cash flows and profitability. However, investors should also consider the balance between returning capital to shareholders and investing in growth opportunities, especially given the evolving landscape of defense spending and geopolitical tensions.

Lockheed Martin's dividend increase and share buyback expansion reflect a robust outlook for the defense sector. As geopolitical tensions persist globally, demand for advanced military hardware and systems remains strong. LMT's confidence in sustaining high cash flows likely stems from its diverse portfolio of high-value contracts and its position in key areas like F-35 fighter jets, missile defense systems and space technology.

The company's ability to consistently raise dividends for over two decades, even through various economic cycles and shifts in defense priorities, underscores its resilient business model. This stability is particularly attractive in the current uncertain economic environment. However, investors should monitor potential shifts in U.S. defense budgets and international arms sales policies, as these could impact future growth trajectories. The substantial buyback authorization also suggests that management may view the current stock valuation as attractive relative to its long-term prospects.

BETHESDA, Md., Oct. 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE: LMT) board of directors has authorized a fourth quarter 2024 dividend of $3.30 per share. This is an increase of $0.15 per share over the last quarter and represents the company's 22nd consecutive year of dividend increases. The dividend is payable on Dec. 27, 2024, to holders of record as of the close of business on Dec. 2, 2024.

The company's board has also authorized the purchase of up to an additional $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 $10 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable laws and regulations.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at LockheedMartin.com.  

 

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SOURCE Lockheed Martin

FAQ

What is Lockheed Martin's (LMT) dividend for Q4 2024?

Lockheed Martin's dividend for Q4 2024 is $3.30 per share, an increase of $0.15 from the previous quarter.

When will Lockheed Martin (LMT) pay its Q4 2024 dividend?

Lockheed Martin will pay its Q4 2024 dividend on December 27, 2024, to shareholders of record as of December 2, 2024.

How much has Lockheed Martin (LMT) authorized for share repurchases?

Lockheed Martin has authorized an additional $3 billion for share repurchases, bringing the total authorization to approximately $10 billion.

How many consecutive years has Lockheed Martin (LMT) increased its dividend?

Lockheed Martin has increased its dividend for 22 consecutive years as of 2024.

Lockheed Martin Corp.

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Aerospace & Defense
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