L3Harris Technologies (LHX) to Raise Dividend 20%, Approves $6B Buyback Plan
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L3Harris Technologies Announces 20 Percent Quarterly Dividend Rate Increase and New $6 Billion Share Repurchase Authorization
January 28, 2021 4:30 PM ESTMELBOURNE, Fla.--(BUSINESS WIRE)-- The Board of Directors of L3Harris Technologies (NYSE: LHX) has approved a 20 percent increase in the companys quarterly cash dividend rate from 85 cents per share to $1.02 per share, commencing with the dividend to be declared for the first quarter of 2021. The L3Harris Board also approved a new $6 billion share repurchase authorization.
Weve now raised the dividend nearly 50 percent since the merger as it has become an increasingly important part of value-creation for shareholders. Combined with our expanded share repurchase authorization, our capital returns profile... More
