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L-3 Communications Holdings Inc Increases Quarterly Dividend And Announces New Share Repurchase Program

Tuesday, 5 Feb 2013 04:09pm EST 

L-3 Communications Holdings Inc announced that its board of directors has increased its regular quarterly cash dividend 10% from $0.50 to $0.55 per share. The board has also declared the next dividend payable on March 15, 2013 to shareholders of record at the close of business on March 1, 2013. This action represents L-3`s ninth consecutive annual dividend increase. 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. 

Company Quote

0.31 +0.26%
2:01pm EDT