Lockheed Martin Declares Fourth Quarter 2024 Dividend

Rhea-AI Summary

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.

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.

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.