I just wanted to write a quick article today to let readers know that Harris Corporation (HRS) announced a 17.9% increase in its dividend, raising it from $0.28 per share quarterly to $0.33 quarterly per share.
This announcement is a pretty healthy dividend increase, especially in comparison to some lighter dividend increases from Wal-Mart Stores, Inc. (WMT), Abbott Laboratories (ABT), UniSource Energy Corp. (UNS), Waste Management (WM) among others. Dividend increases have been a little lighter this year, so the 17.9% increase from Harris Corporation (HRS) is very nice indeed.
Full Disclosure: Long HRS
Thanks for reading.
Photo Credit: Harris Corporation
That's incredible! Most of my dividend increases have been in the single-digit range. HRS must truly believe business will pick up this year, I hope they're right. I think most companies are lowering their dividend increases because of the many uncertainties around the world. PEP's 4% increase was a bit disappointing. But I can't complain about a free raise...
ReplyDeleteHenry,
DeleteI agree that some raises this year were disappointing, most notably PEP's. The low interest rate environment combined with all the economic issues certainly weigh on companies. HRS was a nice surprise!
Best wishes!
That's a nice raise you got there. You're right, so far 2012 has been kind of a disappointment for div increases. I'll take small increases over freezes anyday.
ReplyDeleteCompounding Income,
DeleteI totally agree with you. Even a 1% increase is much better than a static dividend or, worse, a dividend cut. At least 1% helps combat inflation.
Great point! Take care.
Nice increase! I love dividend increases the more the better!!
ReplyDeleteKanwal,
DeleteThanks for stopping by.
Yes, I love dividend increases as well. Where at your job you're lucky to get an annual raise of 3%, dividend stocks give you yearly raise at many multiples of that in most cases.
Best wishes!
Harris Corporation appears to be a very solid company. I don't believe that investors should have any concerns about Harris Corporation not increasing their dividend by a nice amount every year.
ReplyDelete