L3Harris Technologies Inc (LHX) To Go Ex-Dividend on September 4th

L3Harris Technologies Inc (NYSE:LHX) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, September 4th will be given a dividend of 1.25 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th.

L3Harris Technologies has raised its dividend 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 payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect L3Harris Technologies to earn $13.52 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 37.0%.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $300.08 on Friday. L3Harris Technologies has a 12 month low of $262.98 and a 12 month high of $379.23. The firm has a market capitalization of $55.90 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.51. The firm has a fifty day simple moving average of $299.36 and a two-hundred day simple moving average of $328.58. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts forecast that L3Harris Technologies will post 11.54 EPS 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.