L3Harris Technologies Inc (LHX) to Issue Quarterly Dividend of $1.25 on September 18th

by · The Cerbat Gem

L3Harris Technologies Inc (NYSE:LHX – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, September 4th will be given a dividend of 1.25 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 4th.

L3Harris Technologies has raised its dividend by an average of 0.1%per year 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 41.1% meaning its dividend is sufficiently covered by earnings. Analysts expect L3Harris Technologies to earn $13.48 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.1%.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $262.97 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $284.54 and its two-hundred day moving average is $316.48. The company has a market cap of $48.97 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.16 and a beta of 0.50. L3Harris Technologies has a 12 month low of $258.54 and a 12 month high of $379.23.

L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts expect that L3Harris Technologies will post 11.88 EPS for the current year.

About L3Harris Technologies

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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.

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