L3Harris Technologies Announces Quarterly Dividend and Share Repurchase Authorization

Rhea-AI Summary

The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share, payable on December 2, 2022, to shareholders of record by November 18, 2022. Additionally, the Board approved a $3.0 billion share repurchase authorization, raising the total to approximately $4.5 billion. This move reflects the company's commitment to returning value to shareholders while maintaining strong liquidity.

Positive

• Quarterly cash dividend of $1.12 per share enhances shareholder returns.
• Total authorized share repurchase increases to $4.5 billion, indicating strong cash flow and confidence in company value.

Negative

• None.

MELBOURNE, Fla.--(BUSINESS WIRE)-- The Board of Directors of L3Harris Technologies (NYSE:LHX) declared a quarterly cash dividend of $1.12 per share on the common stock, payable December 2, 2022, to shareholders of record as of the close of business on November 18, 2022. The Board also approved an additional $3.0 billion share repurchase authorization, bringing the total current authorization to approximately $4.5 billion.

About L3Harris Technologies

L3Harris Technologies, an agile global aerospace and defense technology innovator, delivers end-to-end solutions meeting our customers’ mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has more than $17 billion in annual revenue and 47,000 employees, with customers in more than 100 countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221021005102/en/

Rajeev Lalwani

Investor Relations

Rajeev.Lalwani@L3Harris.com

321-727-9383

Paul Swiergosz

Media Relations

Paul.Swiergosz@L3Harris.com

321-378-5631

Source: L3Harris Technologies

FAQ

What is the recent dividend declared by L3Harris Technologies?

L3Harris Technologies declared a quarterly cash dividend of $1.12 per share.

When will the L3Harris dividend be paid?

The dividend will be paid on December 2, 2022.

What is the total amount authorized for share buybacks by L3Harris?

The total amount for share buybacks has been increased to approximately $4.5 billion.

What date is the record for L3Harris shareholders to receive the dividend?

Shareholders must be on record by the close of business on November 18, 2022, to receive the dividend.