As part of the company's capital allocation strategy, the Lockheed Martin Corporation board of directors has authorized an increase in its quarterly dividend and share repurchase authority. The board declared a fourth quarter 2021 dividend of $2.80 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on December 27, 2021, to holders of record as of the close of business on December 1, 2021.