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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
04/20/201513:00:00L-3 to Broadcast First Quarter Conference Call Over the Internet
04/12/201521:03:18My K.I.S.S. Dividend Portfolio: 1st Quarter 2015 Update
03/31/201509:00:00L-3 National Security Solutions Wins $117 Million Contract for...
03/24/201506:30:21Additional Proxy Soliciting Materials (definitive) (defa14a)
03/24/201506:28:46Proxy Statement (definitive) (def 14a)
03/20/201511:40:26Annual Report of Employee Stock Plans (11-k)
03/17/201516:53:51Statement of Changes in Beneficial Ownership (4)
03/17/201516:53:51Statement of Changes in Beneficial Ownership (4)
03/17/201516:51:36Statement of Changes in Beneficial Ownership (4)
03/17/201516:50:46Statement of Changes in Beneficial Ownership (4)
03/17/201516:49:02Statement of Changes in Beneficial Ownership (4)
03/17/201516:47:44Statement of Changes in Beneficial Ownership (4)
03/17/201516:44:42Statement of Changes in Beneficial Ownership (4)
03/17/201516:42:58Statement of Changes in Beneficial Ownership (4)
03/17/201516:40:45Statement of Changes in Beneficial Ownership (4)
03/17/201516:39:55Statement of Changes in Beneficial Ownership (4)
03/11/201507:30:43Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/10/201503:02:14L-3 Communications: Challenging Environment, Flat Revenue, Declining...
03/03/201517:32:56Statement of Changes in Beneficial Ownership (4)
03/03/201517:26:39Statement of Changes in Beneficial Ownership (4)

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