L-3 Communications (LLL) Announces New $1.5B Stock Buyback Plan, Declares $0.75 Quarterly Dividend

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Go back to L-3 Communications (LLL) Announces New $1.5B Stock Buyback Plan, Declares $0.75 Quarterly Dividend

L3 Technologies Announces New $1.5 Billion Share Repurchase Program and Declares Quarterly Dividend

May 9, 2017 1:30 PM EDT

NEW YORK--(BUSINESS WIRE)-- L3 Technologies (NYSE: LLL) announced today that its Board of Directors has authorized a new share repurchase program that allows the company to repurchase up to an additional $1.5 billion of the companys common stock. This new authorization is effective July 1, 2017, and represents L3s eighth repurchase program.

The Board has also declared the companys regular quarterly cash dividend of $0.75 per share payable on June 15, 2017, to shareholders of record at the close of business on May 19, 2017.

We are pleased that L3s strong operational performance, robust... More