Aggressive · Stocks to Consider and Updates

Harris Hikes Dividend; Wins Contract

HRS   The Board of Directors of Harris Corporation (NYSE: HRS – $77.28) has increased the quarterly cash dividend by 6% from $0.47 per share to $0.50 payable September 24, 2015 to shareholders of record September 11, 2015. The annualized cash dividend correspondingly increases from $1.88 per share to $2.00, and yields 2.6% at current levels. This action represents the company’s 14th consecutive annual dividend increase. “Harris remains committed to providing shareholders with an attractive dividend, which has grown at an approximately 20 percent compounded annual rate over the past decade,” said CEO M. Brown. “We are confident in the company’s long-term outlook and our continued ability to generate strong free cash flow and return value to our shareholders.” In other news, Harris reported last week it received a $97 million order to provide the U.S. Navy with self-protection jammers that will be employed in the integrated defensive electronic countermeasure program. The jammers will protect carrier-based F/A-18s from sophisticated RF threats including hostile radars and air defense systems. The shares of HRS have held up quite well during this volatile market, and may continue to be held in aggressive accounts.


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