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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; john.kell@dowjones.com

Stock News for L3 Comm (LLL)
DateTimeHeadline
11/30/201608:58:00L-3 Initiates Redemption of Its Outstanding 1.50% Senior Notes...
11/29/201617:40:00L-3 Announces Pricing of Senior Note Offering
11/29/201608:48:00Current Report Filing (8-k)
11/28/201609:00:00L-3 to Present at the Credit Suisse 4th Annual Industrials Conference
11/22/201618:00:00L-3 Communications Acquires MacDonald Humfrey Automation
11/22/201616:35:00L-3 Acquires MacDonald Humfrey (Automation) Ltd
11/18/201609:00:00L-3 to Provide Power Distribution and Switchgear Equipment for...
11/14/201617:55:42Statement of Changes in Beneficial Ownership (4)
11/14/201609:00:00L-3 to Deliver Soldier Modernization Technology to the Australian...
11/01/201610:15:00L-3 to Present at the Goldman Sachs Industrials Conference 2016
10/31/201616:59:31Current Report Filing (8-k)
10/27/201613:36:16Quarterly Report (10-q)
10/27/201607:08:23Current Report Filing (8-k)
10/27/201606:55:00L-3 Announces Third Quarter 2016 Results
10/24/201609:00:00L-3 to Supply Joint Common Remote Viewing Terminal to U.K. Ministry...
10/19/201616:34:01Current Report Filing (8-k)
10/19/201616:07:21Statement of Changes in Beneficial Ownership (4)
10/19/201616:06:54Statement of Changes in Beneficial Ownership (4)
10/18/201610:26:00L-3 Declares Quarterly Dividend
10/13/201617:30:00L-3 to Broadcast Third Quarter Conference Call Over the Internet

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