Lockheed Martin Corp. said late Thursday its board of directors has approved a fourth-quarter dividend of $2.40 a share, an increase of 20 cents a share over the last quarter. The dividend is payable on Dec. 27 to shareholders of record on Dec. 2. In a separate press release, the aerospace and defense company said its board has authorized an additional share buyback of up to $1 billion. The total remaining authorization for future buybacks with this increase is about $3.3 billion, Lockheed Martin said. Shares of Lockheed rose 0.2% in the extended session Thursday after ending the regular trading day up 0.6%.
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