The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2017 dividend of $2.00 per share, representing a 10 percent increase or $0.18 per share over last quarter. The dividend is payable on December 29, 2017 to holders of record as of the close of business on December 1, 2017.
Lockheed Martin Corporation (NYSE:LMT) moved in red zone with decline of -1.00 points or -0.32% to $309.13. The company has a market worth of $89.03B.Total 50 shares were exchanged in last trading session as opposed to average volume of 1.04 million shares. Trailing twelve month period it has a price to sale (P/S) of 1.82 and price to book (P/B) ratio registered at 70.61 for most recent quarter. Analyst consensus one year target price is registered at $312.37.
The stock’s price moved +9.35% above its 200 day moving average of $282.70. The stock is currently trading +2.26% up its SMA 50 of $302.31.
The Lockheed Martin Corporation (NYSE: LMT) board of directors has also authorized the purchase of up to an additional $2.0 billion of Lockheed Martin common stock under its share repurchase program. With this increase, the total remaining authorization for future repurchases under the share repurchase program is approximately $4.0 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.
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Missiles and Fire Control segment provides air and missile defense systems; fire control systems; manned and unmanned ground vehicles, and energy management solutions. Rotary and Mission Systems segment provides design, manufacture, service and support for a range of military and civil helicopters; mission systems and sensors for rotary and fixed-wing aircraft; simulation and training services, and unmanned systems and technologies, among others. Space Systems segment is engaged in the research and development, design, engineering and production of satellites, strategic and defensive missile systems and space transportation systems.