L-3 (LLL) Raises Dividend 10%, Announces $1.5B Buyback

February 5, 2013 4:48 PM EST
L-3 Communications Holdings, Inc. (NYSE: LLL) declared a quarterly dividend of $0.55 per share, or $2.2 annualized. This is a 10% increase from the prior dividend of $0.50.

The dividend will be payable on March 15, 2013, to stockholders of record on March 1, 2013, with an ex-dividend date of February 27, 2013.

The annual yield on the dividend is 2.9 percent.

The board of directors has also authorized a new share repurchase program allowing the company to repurchase up to an additional $1.5 billion of the company’s common stock through June 30, 2015. This new share repurchase initiative is effective immediately and represents L-3’s sixth repurchase program.

For a dividend history and other dividend-related data on L-3 Communications Holdings, Inc. (LLL) click here.

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