HUNTINGTON INGALLS INDUSTRIES INCREASES QUARTERLY DIVIDEND TO $1.03 PER SHARE; AUTHORIZES A $1 BILLION INCREASE IN ITS SHARE REPURCHASE PROGRAM TO $3.2 BILLION - HII Capabilities Domains Air Cyber Joint All-Domain Land Sea Space Divisions Ingalls Shipbuilding Mission Technologies Newport News Shipbuilding Sectors Civil Commercial Defense International Company About Us Leadership Senior Leadership Executive Team Board of Directors Ingalls Shipbuilding Mission Technologies Newport News Shipbuilding Corporate Responsibility SUPPLIERS CAREERS NEWSROOM Investors Search Capabilities Domains Air Cyber Joint All-Domain Land Sea Space Divisions Ingalls Shipbuilding Mission Technologies Newport News Shipbuilding Sectors Civil Commercial Defense International Company About Us Leadership Senior Leadership Executive Team Board of Directors Ingalls Shipbuilding Mission Technologies Newport News Shipbuilding Corporate Responsibility SUPPLIERS CAREERS NEWSROOM Investors Search HUNTINGTON INGALLS INDUSTRIES INCREASES QUARTERLY DIVIDEND TO $1.03 PER SHARE; AUTHORIZES A $1 BILLION INCREASE IN ITS SHARE REPURCHASE PROGRAM TO $3.2 BILLION NEWS Newsroom Events Multimedia Gallery Media Contacts Search November 5, 2019 NEWS RELEASE HUNTINGTON INGALLS INDUSTRIES INCREASES QUARTERLY DIVIDEND TO $1.03 PER SHARE; AUTHORIZES A $1 BILLION INCREASE IN ITS SHARE REPURCHASE PROGRAM TO $3.2 BILLION HII CORPORATE DOWNLOAD PHOTO NEWPORT NEWS, Va., Nov. 05, 2019 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.03 per share, a $0.17 increase over the $0.86 per share dividend paid in each of the prior four quarters. The $1.03 per share dividend will be payable on Dec. 13, 2019, to shareholders of record as of the close of business on Nov. 29, 2019. The Board of Directors also authorized an increase in the company’s share repurchase program from $2.2 billion to $3.2 billion and extended the term of the program from Oct. 31, 2022, 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, HII’s president and CEO. Purchases under the share repurchase program may be made from time to time at the discretion of management in the open market, through privately negotiated transactions or through other means, are subject to prevailing market conditions and other factors, and may be suspended or discontinued at any time. About Huntington Ingalls Industries Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Mission Driven Innovative Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs more than 41,000 people operating both domestically and internationally. For more information, visit: HII on the web: https://www.hii.com/ HII on Facebook: https://www.facebook.com/TeamHII HII on Twitter: https://www.twitter.com/wearehii HII on Instagram: https://www.instagram.com/wearehii MEDIA CONTACT Danny Hernandez Director of Public Affairs (202) 580-9086 [email protected] General Inquiries: [email protected] Sign Up For Email Alerts Download text file RELATED NEWS September 13, 2022 How to Chart a Path to the C-Suite August 4, 2022 HII Reports Second Quarter 2022 Results August 2, 2022 HII Declares Quarterly Dividend what are you looking for? Search Corporate Locations Corporate Headquarters HII 4101 Washington Ave. Newport News, VA 23607 Other Locations Newport News Shipbuilding 4101 Washington Ave Newport News, VA 23607 Ingalls Shipbuilding 1000 Jerry St. Pe’ Highway Pascagoula, MS 39568 Mission Technologies 8350 Broad Street, Suite 1400 McLean, VA 22102 HII Washington, DC 300 M Street SE Washington, DC 20003 Disclaimer PRIVACY POLICY Homeport HII GEAR Contact 2021-2022 Huntington Ingalls Industries, Inc.