L3Harris Technologies Inc (LHX) To Go Ex-Dividend on June 5th

L3Harris Technologies Inc (NYSE:LHX) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, June 5th will be paid a dividend of 1.25 per share on Friday, June 26th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th.

L3Harris Technologies has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 24 years. L3Harris Technologies has a dividend payout ratio of 41.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect L3Harris Technologies to earn $13.41 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 37.3%.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $317.38 on Friday. L3Harris Technologies has a fifty-two week low of $214.10 and a fifty-two week high of $379.23. The stock has a market cap of $59.28 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 1.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.19. The firm’s 50-day simple moving average is $354.48 and its 200 day simple moving average is $322.72.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a net margin of 7.35% and a return on equity of 10.43%. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the firm earned $3.47 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that L3Harris Technologies will post 11.53 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.