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LOCAL BRIEFING
Management Changes at United Dominion
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Richmond-based United Dominion Realty Trust said Chief Financial Officer Christopher D. Genry will move to a new role as executive vice president of corporate strategy. Genry, who joined the company in 2001, will continue as CFO while the company searches for a successor. In the new position, Genry will oversee the company's strategic planning activities.
The company also named Martha R. Carlin executive vice president and director of property operations.
FINANCE
Lockheed Raises Payout, Adds Buyback
Lockheed Martin's board authorized a 20 percent increase in the defense contractor's dividend, to 30 cents a share, payable Dec. 30 to shareholders of record on Dec. 1.
Directors also authorized the repurchase of 45 million common shares. Through June 30, Lockheed bought back 34 million shares under the existing 43 million-share authorization.
EARNINGS
Cuisine Solutions of Alexandria, which makes frozen food in vacuum-packed pouches, said it earned $1.7 million in the year ended June 25, compared with a $1 million loss the previous year. The company said sales in its two markets -- the United States and France -- increased 30.9 percent, to $46.2 million.
Compiled from staff and news service reports.
