L3Harris Boosts Quarterly Dividend By About 2%

L3Harris Technologies, Inc. LHX said its Board of Directors approved an increase in the company's per share quarterly cash dividend rate from $1.12 to $1.14.
The hike will commence with the dividend for the first quarter of 2023, payable on March 24, 2023, to shareholders of record on the close of business on March 10, 2023.
The dividend corresponds to an increase in the annualized rate from $4.48 to $4.56.
The increase represents the 22nd consecutive annual dividend increase for the company.
L3Harris held $880 million in cash and equivalents as of December 30, 2022.
Price Action: LHX shares closed lower by 1.18% at $209.55 on the last check Thursday.