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L-3 Communications Boosts Dividend By 14% To 40 Cents

DOW JONES NEWSWIRES L-3 Communications Holdings Inc. (LLL) boosted its quarterly dividend 14% to 40 cents a share, joining a host of companies in recent weeks that have been boosting dividends. The company, which has contracts for services such as training foreign militaries and upgrading government aircraft, attributed the increase to confidence in its financial and operational strength. Higher dividend payments contrast with the numerous cuts that were seen throughout most of 2009 as businesses looked for a way to slash costs. L-3, however, increased its dividend a year ago by 17% to 35 cents, and maintained that payment throughout the rest of the year. Last week, L-3 reported its fourth-quarter profit fell 14% as gains in the year-earlier results masked revenue and margin improvements. The company also lifted its 2010 earnings and revenue forecasts. Shares were recently up 2.7% to $86.90 amid a broad market rally. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for L3 Comm (LLL)
11/30/201511:00:00L-3 to Present at the 3rd Annual Credit Suisse Industrials Conference
11/04/201514:25:11L-3 Communications Boasts of a Profit, but Posts a Massive Loss
11/03/201516:08:25Statement of Changes in Beneficial Ownership (4)
11/03/201516:07:58Statement of Changes in Beneficial Ownership (4)
11/03/201516:07:05Statement of Changes in Beneficial Ownership (4)
11/02/201517:22:50Quarterly Report (10-q)
11/02/201516:09:08Statement of Changes in Beneficial Ownership (4)
11/02/201516:06:57Initial Statement of Beneficial Ownership (3)
11/02/201510:02:00L-3 to Present at the Goldman Sachs Industrials Conference 2015
10/30/201517:17:31Current Report Filing (8-k)
10/29/201507:31:58Current Report Filing (8-k)
10/29/201506:55:00L-3 Announces Third Quarter 2015 Results
10/28/201509:00:00L-3 Names Christopher E. Kubasik President and Chief Operating...
10/22/201512:38:00L-3 to Broadcast Third Quarter Conference Call Over the Internet
10/20/201509:00:00L-3 Declares Quarterly Dividend
10/13/201516:21:00L-3 Acquires ForceX, Inc.
10/08/201509:00:00L-3 Awarded Contract to Missionize C-130J Aircraft for U.S. Coast...
10/06/201509:00:00L-3 Link Receives Award to Compete on Future Task Orders Under...
09/28/201521:00:00L-3 Communications to Pay $4.6 Million to Resolve Whistleblower...
09/17/201509:15:00L-3 Receives Contract for Apache MUMT-X Upgrade Program

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