Dividend Increase - Harris Corporation (HRS)
I just wanted to write a quick article today to let readers know that Harris Corporation (HRS) announced a 17.9% increase in its dividend, raising it from $0.28 per share quarterly to $0.33 quarterly per share.
This announcement is a pretty healthy dividend increase, especially in comparison to some lighter dividend increases from Wal-Mart Stores, Inc. (WMT), Abbott Laboratories (ABT), UniSource Energy Corp. (UNS), Waste Management (WM) among others. Dividend increases have been a little lighter this year, so the 17.9% increase from Harris Corporation (HRS) is very nice indeed.
Full Disclosure: Long HRS
Thanks for reading.
Photo Credit: Harris Corporation
Labels: Dividend Raise
posted by Dividend Mantra @ 9:28 PM
7 Comments
7 Comments:
That's incredible! Most of my dividend increases have been in the single-digit range. HRS must truly believe business will pick up this year, I hope they're right. I think most companies are lowering their dividend increases because of the many uncertainties around the world. PEP's 4% increase was a bit disappointing. But I can't complain about a free raise...
Henry,
I agree that some raises this year were disappointing, most notably PEP's. The low interest rate environment combined with all the economic issues certainly weigh on companies. HRS was a nice surprise!
Best wishes!
That's a nice raise you got there. You're right, so far 2012 has been kind of a disappointment for div increases. I'll take small increases over freezes anyday.
Compounding Income,
I totally agree with you. Even a 1% increase is much better than a static dividend or, worse, a dividend cut. At least 1% helps combat inflation.
Great point! Take care.
Nice increase! I love dividend increases the more the better!!
Kanwal,
Thanks for stopping by.
Yes, I love dividend increases as well. Where at your job you're lucky to get an annual raise of 3%, dividend stocks give you yearly raise at many multiples of that in most cases.
Best wishes!
Harris Corporation appears to be a very solid company. I don't believe that investors should have any concerns about Harris Corporation not increasing their dividend by a nice amount every year.
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