By Sabela Ojea

Lockheed Martin declared a higher payout to shareholders for the fourth quarter.

The global security and aerospace company on Friday said its board approved a dividend of $3.15 a share, up from $3 in the third quarter.

The new payout, equal to $12.60 a year, represents an annual yield of about 3.1% based on Friday's closing price of $400.73.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

October 06, 2023 17:43 ET (21:43 GMT)

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