NEW YORK--(BUSINESS WIRE)--L3 Technologies (NYSE:LLL) announced today that its Board of Directors has increased the company’s regular quarterly cash dividend from $0.75 to $0.80 per share. The Board has also declared the next dividend payable on March 15, 2018 to shareholders of record at the close of business on March 1, 2018.
“Our 14th consecutive annual dividend increase underscores the Board’s continued confidence in our growth strategy and our robust cash flow,” said Christopher E. Kubasik, L3’s Chief Executive Officer and President. “We will continue our disciplined approach to grow and invest in the company to increase shareholder value, including returning cash through quarterly dividends.”
Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 billion.
To learn more about L3, please visit the company’s website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company’s website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.