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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
05/20/201512:15:10What Is the S&P 500 Index?
05/13/201514:01:00L-3 to Present at the 2015 RBC Capital Markets Aerospace & Defense...
05/12/201512:07:00L-3 Awarded $81.8 Million Contract to Supply SATCOM Terminals...
05/07/201516:08:26Current Report Filing (8-k)
05/06/201516:10:13Statement of Changes in Beneficial Ownership (4)
05/06/201516:09:24Statement of Changes in Beneficial Ownership (4)
05/06/201516:09:24Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:32Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:32Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:03Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:03Statement of Changes in Beneficial Ownership (4)
05/06/201516:07:11Statement of Changes in Beneficial Ownership (4)
05/06/201516:07:11Statement of Changes in Beneficial Ownership (4)
05/05/201513:20:00L-3 Declares Quarterly Dividend
04/30/201518:46:06You Can't Fly High if You Can't Sit Down
04/30/201514:51:59Quarterly Report (10-q)
04/30/201509:24:08L-3 Communications Profit Falls as Sales Decline at All Segments
04/30/201507:32:21Current Report Filing (8-k)
04/30/201506:55:00L-3 Announces First Quarter 2015 Results
04/20/201513:00:00L-3 to Broadcast First Quarter Conference Call Over the Internet

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