Tuesday, October 26, 2010

LMT: $3-Billion Stock Buyback Program May Lift Lockheed Martin Stock - Barrons.com

LMT: $3-Billion Stock Buyback Program May Lift Lockheed Martin Stock - Barrons.com:
"The world's largest defense contractor announced on Monday a stock buyback program worth up to $3 billion, which would entail repurchasing about 42 million of the company's 360 million shares outstanding at today's stock price. Lockheed Martin (ticker: LMT) also announced a quarterly-dividend increase last month to 75 cents per share from 63 cents, bringing its yield to 4.2
We own LMT.

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