The Board of Directors of Harris Corporation (HRS) has increased the quarterly cash dividend by 12 percent from 42 cents per share to 47 cents per share and declared a quarterly cash dividend of 47 cents per share, payable Sept. 23, 2014, to shareholders of record Sept. 9, 2014.
The annualized cash dividend will increase from $1.68 per share to $1.88 per share. This action represents the companys 13th consecutive annual dividend increase.
“The increased dividend reflects our continuing ability to generate strong free cash flow and our confidence in the companys long-term outlook,” said William M. Brown, chairman, president and chief executive officer. “We remain committed to driving value for shareholders while meeting the needs of our customers for high-quality, innovative and affordable solutions.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 14,000 employees including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at harris.com.
