L3Harris Technologies Inc (NYSE:LHX) Declares Dividend Increase – $1.25 Per Share

L3Harris Technologies Inc (NYSE:LHX) declared a quarterly dividend on Friday, January 23rd. Investors of record on Friday, March 6th will be given a dividend of 1.25 per share on Friday, March 20th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. This is a 4.2% increase from L3Harris Technologies’s previous quarterly dividend of $1.20.

L3Harris Technologies has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 24 years. L3Harris Technologies has a dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Analysts expect L3Harris Technologies to earn $12.53 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 38.3%.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $354.66 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.95. The business has a fifty day simple moving average of $301.06 and a two-hundred day simple moving average of $288.05. L3Harris Technologies has a 1 year low of $193.09 and a 1 year high of $361.59. The company has a market capitalization of $66.34 billion, a P/E ratio of 38.09, a P/E/G ratio of 2.21 and a beta of 0.66.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.10. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company earned $3.34 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. On average, analysts expect that L3Harris Technologies will post 11.12 earnings per share for the current year.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.