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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; [email protected]

Stock News for L3 Comm (LLL)
DateTimeHeadline
01/19/201709:20:00L3 Receives Contract Modification for M783 Mortar Fuze
01/17/201709:20:00L3 Technologies to Broadcast Fourth Quarter Conference Call Over...
01/09/201709:15:00L3 Commercial Training Solutions Confirms Launch of London Training...
01/05/201716:30:00L3 Completes Acquisition of Implant Sciences
12/20/201609:15:00L-3 Receives Order for ProVision® 2 Checkpoint Security Scanners
12/16/201616:15:17Statement of Changes in Beneficial Ownership (4)
12/16/201616:12:33Statement of Changes in Beneficial Ownership (4)
12/16/201616:11:41Statement of Changes in Beneficial Ownership (4)
12/16/201616:10:23Statement of Changes in Beneficial Ownership (4)
12/16/201616:09:56Statement of Changes in Beneficial Ownership (4)
12/16/201616:09:56Statement of Changes in Beneficial Ownership (4)
12/16/201616:07:45Statement of Changes in Beneficial Ownership (4)
12/16/201616:06:27Statement of Changes in Beneficial Ownership (4)
12/16/201616:06:27Statement of Changes in Beneficial Ownership (4)
12/07/201616:31:52Current Report Filing (8-k)
12/06/201609:28:30Current Report Filing (8-k)
12/06/201609:20:00L-3 Communications to Change Name to L3 Technologies, Inc.
12/05/201612:01:10Current Report Filing (8-k)
12/05/201608:30:00L-3 to Webcast Investor Conference
11/30/201608:58:00L-3 Initiates Redemption of Its Outstanding 1.50% Senior Notes...

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