On Friday, February 28th the Board of Directors of L3Harris Technologies, Inc. (LHX) announced a quarterly dividend increase of from $1.16 to $1.20 per share that’s payable March 21, 2025 to holders of record March 10, 2025. This represents a 3.45% increase over the last quarterly dividend.
“This dividend increase represents our 24th consecutive annual dividend increase and is part of our previously announced plan to further prioritize the return of cash to shareholders,” said Christopher E. Kubasik, Chair and Chief Executive Officer, L3Harris.
At the current price of $213.79 (yesterday's close), this increase will raise ETN's dividend yield to 2.25%.
L3Harris Technologies is a Dividend Contenders with a 24 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 1.8, 4.4, 10.1 and 10.1 (Dividend Champions.xls)
As an owner of 15 shares of L3Harris Technologies, the recent dividend increase adds $1.79 to my projected annual net dividend income.
I expected an increase of about 7%, so the one announced was about half of what I expected, although an increase is always an increase.
This recent dividend increase marks the second consecutive raise I’ve received from L3Harris Technologies since I acquired my shares in September 2023. Over this period, LHX’s quarterly dividend has grown from $1.14 to $1.20 per share, reflecting a 5.3% increase.
The moment of writing, LHX’s weight of my portfolio is about 0.41% and its share of future annual dividend income is approximately 0.22%.
Following this increase, my yield on cost is 2.84%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long LHX
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