HII declares 17-cent/share dividend

NEWPORT NEWS, Va. - Huntington Ingalls Industries (HII) announced Nov. 5 that its Board of Directors has declared a quarterly cash dividend of $1.03 per share, a $0.17 increase per share dividend paid in each of the prior four quarters. The $1.03 per share dividend will be payable Dec. 13 to shareholders of record as of the close of business on Nov. 29. The Board of Directors also authorized an increase in the company’s share repurchase program from $2.2B to $3.2B and extended the term of the program to Oct. 31, 2024. “These actions demonstrate continued confidence in HII’s free cash flow generation and support our Path to 2020 commitment to return substantially all of our free cash flow to shareholders,” said Mike Petters, president/CEO of HII. (Source: HII 11/05/19)