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Lockheed Martin’s board of directors has signed off on a 8.3% quarterly dividend increase to pay $2.60 per share and announced plans for an additional $1.3 billion share buyback.Lockheed Martin (LMT) said that its fourth-quarter dividend will increase by $0.20 per share over last quarter. The dividend is payable on Dec. 24, 2020, to holders of record as of the close of business on Dec. 1, 2020.In addition, the corporation's board has authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock as part of its share repurchase program. Following the increase, total authorization for future repurchases under the share repurchase program amounts to about $3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation, the company said.Lockheed Martin is a security and aerospace company that has about 110,000 people employees worldwide and is mainly engaged in the...
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(Bloomberg) -- The world’s first shipment of blue ammonia is on its way from Saudi Arabia to Japan, where it will be used in power stations to produce electricity without carbon emissions.Saudi Aramco, which made the announcement Sunday, produced the fuel, which it does by converting hydrocarbons into hydrogen and then ammonia, and capturing the carbon dioxide byproduct. Japan will receive 40 tons of blue ammonia in the first shipment, Aramco said.Ammonia can be burned in thermal power stations without releasing carbon emissions. That means it has “the potential to make a significant contribution to an affordable and reliable low-carbon energy future,” according to state-controlled Aramco.Japan aims to be a world-leader in the use of hydrogen, which is contained in ammonia. The country has committed to reducing its greenhouse gas emissions 26% by 2030 from 2013 levels, under the Paris climate pact.Blue ammonia is a feedstock for blue hydrogen, a version...
