Harris Increases Quarterly Dividend

Harris Increases Quarterly Dividend
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From the business pages: Harris said its board of directors increased its quarterly cash dividend to 8 cents per share, compared to the previous quarterly dividend of 6 cents per share.
The dividend is payable Sept. 16 to shareholders of record on Sept. 7.
“The 33 percent increase in the cash dividend brings the annual rate to 32 cents per share, on a post-stock-split basis,” the company said. CEO Howard Lance said the company expects “continued positive momentum in the current year for both our government and commercial segments.”
Harris is the parent company of the Harris Broadcast Communications Division that sells into the broadcast radio marketplace.