Dividend Increase – Harris Corporation (HRS)

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

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7 Comments

  1. 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…

  2. Henry,

    I 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!

  3. 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.

  4. Compounding Income,

    I 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.

  5. Kanwal,

    Thanks 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!

  6. 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.

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