L-3 Communications (LLL) Raises Quarterly Dividend 8.3% to $0.65; 2% Yield

L-3 Communications (NYSE: LLL) declared a quarterly dividend of $0.65 per share, or $2.6 annualized. This is an 8.3% increase from the prior dividend of $0.60.

The dividend will be payable on March 16, 2015, to stockholders of record on March 2, 2015, with an ex-dividend date of February 26, 2015.

The annual yield on the dividend is 2 percent.

"We are pleased to continue delivering value to shareholders by increasing L-3's dividend for the 11th consecutive year,”"said Michael T. Strianese, L-3’s chairman, president and chief executive officer. "This action demonstrates the board’s confidence in the company’s performance and our balanced cash deployment approach. Overall, our capital allocation strategy remains a priority, which also includes ongoing investment in our business, selective acquisitions and dispositions, share repurchases and maintaining our investment-grade credit rating."

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

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