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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
08/22/201616:06:45Statement of Changes in Beneficial Ownership (4)
08/16/201616:49:45Statement of Changes in Beneficial Ownership (4)
08/16/201616:49:20Initial Statement of Beneficial Ownership (3)
08/15/201609:00:00L-3 Appoints Ann D. Davidson as Senior Vice President, General...
08/11/201616:07:05Statement of Changes in Beneficial Ownership (4)
08/08/201616:07:01Statement of Changes in Beneficial Ownership (4)
08/08/201609:00:00L-3 to Present at the Jefferies 12th Annual Industrials Conference
08/04/201616:08:43Statement of Changes in Beneficial Ownership (4)
08/04/201616:08:14Statement of Changes in Beneficial Ownership (4)
08/03/201613:38:00L-3 Awarded U.S. Air Force Warfighter Readiness & Training Program...
07/28/201612:59:48Quarterly Report (10-q)
07/28/201609:10:00Aerospace Results Boost L-3 to Higher Profit, Guidance
07/28/201607:09:17Current Report Filing (8-k)
07/28/201606:55:00L-3 Announces Second Quarter 2016 Results
07/25/201609:00:00L-3 Wins Recompetition for C4ISR System on the U.S. Coast Guard’s F...
07/12/201604:00:00L-3’s MX™-15D Selected for GA-ASI’s Predator® XP Platform
07/12/201603:45:00L-3 Delivers Upgraded C-130 Aircraft to the U.S. Air Force for...
07/12/201603:30:00L-3 Selected to Provide Engineering, Repair & Overhaul, and Publication...
07/11/201604:00:00L-3’s MX™-15 Electro-Optical and Infrared Surveillance System Sel...
07/11/201603:45:00L-3 to Demonstrate Training Capabilities With RealitySeven™-Based A...

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