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Lockheed Martin raises dividend by nearly 8%, buybacks by $5 billion

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Lockheed Martin raises dividend by nearly 8%, buybacks by $5 billion
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Lockheed Martin Corp. (LMT) said late Thursday its board raised its dividend and its authority to buy back stock. The aerospace company said its fourth-quarter dividend of $2.80 a share represents a 7.6% increase and is payable Dec. 27 to shareholders as of Dec.1. Lockheed Martin shares were up 0.5% after hours, following a 0.7% rise in the regular session to $344.20.