OREANDA-NEWS. The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2015 dividend of $1.65 per share, representing a 10 percent increase or $0.15 over last quarter. The dividend is payable on December 24, 2015 to holders of record as of the close of business on December 1, 2015.

“Delivering innovative solutions to our customers’ most complex challenges continues to drive our strong results,” said Marillyn Hewson, Lockheed Martin Chairman, President and CEO. “Our performance returns exceptional value to our shareholders, and we are proud to deliver the 13th consecutive annual double-digit increase of the Lockheed Martin quarterly dividend rate.”

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2014 were $45.6 billion.