Harris Corp. Raises Dividend Payout

Communications and information technology company Harris Corp. said Monday it raised its quarterly cash dividend to 15 cents per share from 11 cents previously.
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Communications and information technology company Harris Corp. said Monday it raised its quarterly cash dividend to 15 cents per share from 11 cents previously.

The dividend is payable Sept. 17 to shareholders of record Sept. 6.

The increase brings the annual dividend rate from 44 cents per share to 60 cents per share.

“This dividend increase, along with the $600 million share repurchase program announced in May 2007, further demonstrates the company’s ongoing commitment to increasing shareholder value,” stated Harris Chairman/President/CEO Howard Lance.

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