L3Harris Technologies Inc (NYSE:LHX) Increases Dividend to $1.25 Per Share

L3Harris Technologies Inc (NYSE:LHX) announced a quarterly dividend on Friday, January 23rd. Investors of record on Friday, March 6th will be paid a dividend of 1.25 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date 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 annually for the last 24 consecutive 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 Trading Down 0.3%

NYSE LHX traded down $1.09 during trading hours on Friday, reaching $354.66. The company had a trading volume of 1,130,129 shares, compared to its average volume of 1,955,722. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $66.34 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. The stock has a 50-day moving average of $299.75 and a 200 day moving average of $287.37. L3Harris Technologies has a 1-year low of $193.09 and a 1-year high of $361.59.

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

About L3Harris Technologies

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.