The global security and aerospace company on Wednesday said that its board of directors approved a quarterly payout to shareholders of $3.30 a share from $3.15 previously.
The new payout, equal to $13.20 annually, represents a yield of 2.19%, based on the company's last closing price of $603.20.
The dividend will be paid on Dec. 2.
The company also approved a $3 billion increase to its current share buyback program, increasing its authorization to about $10 billion.
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