Harris Corp (HRS) Raises Dividend 33% to $0.20/Share
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Harris Corporation (NYSE: HRS) increased the quarterly cash dividend to 20 cents per share, compared to the previous quarterly dividend of 15 cents per share.
his dividend is payable September 17, 2008, to shareholders of record September 4, 2008.
The annual dividend rate will increase from 60 cents per share to 80 cents per share, consistent with the company's long-term target of sustained dividend payouts in the range of 20 percent of net income.
The ex-dividend date is September 2nd and the dividend yield is 1.5%.
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