Harris Corporation Increases Quarterly Dividend 12 Percent to 37 Cents Per Share
The Board of Directors of Harris Corporation (NYSE:HRS), an international communications and information technology company, has increased the quarterly cash dividend by12 percent from 33 cents per share to 37 cents per share, payable September 19, 2012, to shareholders of record September 7, 2012. The annualized cash dividend will increase from $1.32 per share to $1.48 per share.
- (1888PressRelease) August 28, 2012 - "Harris continues to generate strong free cash flow," said William M. Brown, president and chief executive officer. "This 12 percent dividend increase is our second increase in the past six months and reflects our ongoing commitment to effectively deploy capital, including returning cash to shareholders."
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5.5 billion of annual revenue and about 15,000 employees — including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at harris.com.
Investor Relations inquiries: Pamela Padgett at 321-727-9383, or pamela.padgett ( @ ) harris dot com
Media inquiries: Jim Burke at 321-727-9131, or jim.burke ( @ ) harris dot com
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our financial position and outlook are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statement may be disclosed in the company's filings with the SEC. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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