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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)
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
10/11/201609:00:00L-3 Begins U.S. Air Force KC-10 Contractor Logistics Support...
10/10/201608:20:00L-3 Agrees to Acquire Assets of Implant Sciences
10/10/201608:20:00L-3 Agrees to Acquire Implant Sciences Explosives Trace Detection...
10/05/201612:10:00L-3 First DoD Contractor to Complete GPS Military Code Security...
10/04/201611:31:00L-3 Acquires Aerosim
10/03/201610:15:00L-3 Introduces MX™-8 Electro-Optical/Infrared Imaging System f...
10/03/201610:00:00L-3 to Demonstrate ROVER 6™ on All-Terrain Vehicle at AUSA
10/03/201609:00:00L-3 Completes Acquisition of Micreo Limited
09/27/201610:00:00L-3 WESCAM Appoints Mike Greenley as President
09/21/201611:30:00L-3 Selected by All Nippon Airways to Supply Airbus A320 Full...
09/16/201616:41:42Statement of Changes in Beneficial Ownership (4)
09/16/201616:41:15Statement of Changes in Beneficial Ownership (4)
09/16/201616:41:15Statement of Changes in Beneficial Ownership (4)
09/16/201616:40:49Statement of Changes in Beneficial Ownership (4)

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