L3Harris Technologies Inc (NYSE:LHX) Shareholders Set to Receive $1.25 Quarterly Dividend

Key Points

• L3Harris Technologies declared a $1.25 quarterly dividend, payable December 18 to shareholders of record on December 4. The dividend equals $5.00 annually and yields approximately 2.0%.
• The company has increased its dividend for 24 consecutive years, with a current earnings payout ratio of 41.1%, indicating the dividend is well covered.
• L3Harris exceeded quarterly earnings and revenue expectations, reporting $3.13 in EPS and $5.88 billion in revenue, up 8.4% year over year. Shares recently traded at $253.68, well below their 52-week high of $379.23.

L3Harris Technologies Inc (NYSE:LHX - Get Free Report) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Friday, December 4th will be paid a dividend of $1.25 per share on Friday, December 18th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, December 4th.

L3Harris Technologies has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 24 years. L3Harris Technologies has a payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect L3Harris Technologies to earn $13.45 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 37.2%.

L3Harris Technologies Price Performance

Shares of NYSE LHX traded down $0.55 during mid-day trading on Friday, reaching $253.68. The company's stock had a trading volume of 1,317,293 shares, compared to its average volume of 1,518,793. The stock has a 50-day moving average of $251.07 and a two-hundred day moving average of $287.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The stock has a market capitalization of $47.24 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.55 and a beta of 0.50. L3Harris Technologies has a 1-year low of $232.34 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.33. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. L3Harris Technologies's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts anticipate that L3Harris Technologies will post 11.89 EPS for the current fiscal year.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.

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