Yesterday, L-3 Communications (LLL):
a company that provides intelligence, surveillance, and reconnaissance systems; secure communications systems; aircraft modernization; training; and government services. The company operates through four segments: Command, Control, Communications, Intelligence, Surveillance and Reconnaissance; Government Services; Aircraft Modernization and Maintenance; and Specialized Products,
announced a 33% increase in its first quarter 2007 quarterly dividend. The dividend has been increased to 25 cents per share versus 18.75 cents per share in the same quarter last year.
L-3 Communications is not a true dividend growth stock as the company initiated dividend payments in the first quarter of 2004. LLL is the type of company an investor might consider evaluating if the investor is looking to invest in firms that have the capability to pay a dividend. Although LLL was a non-dividend payer in 2003, the company was a part of a sector that appeared to offer potentially good returns in 2003, i.e., the defense industry.
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