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Lockheed Martin lifting dividend by 15 percent

BETHESDA — Lockheed Martin is increasing its quarterly dividend by 15 percent to $1.15 per share.

The aerospace and defense contractor said Thursday that the dividend will be paid on Dec. 28 to shareholders of record on Dec. 3.

Shares of Lockheed Martin Corp., which is based in Bethesda, Md., slipped 5 cents to $91.86 in afternoon trading. Its shares are trading near their 52-week high of $93.99 set in mid-August.