The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2016 dividend of $1.82 per share, representing a 10 percent increase or $0.17 per share over last quarter. The dividend is payable on December 30, 2016 to holders of record as of the close of business on December 1, 2016.

This is the 14th year in a row that the Corporation has increased its quarterly dividend rate by 10 percent or more.

“Our strong performance for our customers this year has enabled us to increase the dividend and enhance the value we deliver to our stockholders,” said Marillyn Hewson, Lockheed Martin Chairman, President and CEO. “We’ve taken significant steps over the past year to reshape our portfolio and strengthen our core defense business. I’m confident this positions us well to grow and deliver long term value for our stockholders.”

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About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

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