Defense and aerospace company Lockheed Martin Corp. said Thursday its board of directors has authorized buying an additional $2 billion of the company’s stock under its share buyback program. With the increase, the total remaining authorization for future repurchases is about $4 billion, Lockheed said in a statement. The company earlier Thursday said it was raising its quarterly dividend by 10% to $2 a share, payable on Dec. 10 to shareholders of record as of Dec. 1. Shares were down 0.5%, but have gained 23% in 2017, while the S&P 500 has gained 12%.
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