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L3Harris Technologies (L3Harris Technologies) 3-Year Dividend Growth Rate : 10.30% (As of Dec. 2023)


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What is L3Harris Technologies 3-Year Dividend Growth Rate?

L3Harris Technologies's Dividends per Share for the three months ended in Dec. 2023 was $1.14.

The historical rank and industry rank for L3Harris Technologies's 3-Year Dividend Growth Rate or its related term are showing as below:

LHX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -40.7   Med: 12.2   Max: 35.7
Current: 10.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of L3Harris Technologies was 35.70% per year. The lowest was -40.70% per year. And the median was 12.20% per year.

LHX's 3-Year Dividend Growth Rate is ranked better than
53.42% of 73 companies
in the Aerospace & Defense industry
Industry Median: 9.9 vs LHX: 10.30

During the past 12 months, L3Harris Technologies's average Dividends Per Share Growth Rate was 1.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

L3Harris Technologies's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.34. As of today, L3Harris Technologies's Dividend Yield % is 2.13%.

Warning Sign:

L3Harris Technologies Inc stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of L3Harris Technologies's 3-Year Dividend Growth Rate

For the Aerospace & Defense subindustry, L3Harris Technologies's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


L3Harris Technologies's 3-Year Dividend Growth Rate Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's 3-Year Dividend Growth Rate falls into.



L3Harris Technologies 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


L3Harris Technologies  (NYSE:LHX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

L3Harris Technologies's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.14/ 3.35
=0.34

During the past 13 years, the highest Dividend Payout Ratio of L3Harris Technologies was 0.56. The lowest was 0.34. And the median was 0.41.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

L3Harris Technologies Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.1602024-03-072024-03-082024-03-22Cash DividendquarterlyUSD:USD 1.000000
USD 1.1402023-11-162023-11-172023-12-01Cash DividendquarterlyUSD:USD 1.000000
USD 1.1402023-09-012023-09-052023-09-19Cash DividendquarterlyUSD:USD 1.000000
USD 1.1402023-06-012023-06-022023-06-16Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

L3Harris Technologies's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=4.58/214.54
=2.13 %

Current Share Price is $214.54.
L3Harris Technologies's Dividends per Share for the trailing twelve months (TTM) ended in Today is $4.58.

During the past 13 years, the highest Dividend Yield of L3Harris Technologies was 3.10%. The lowest was 1.25%. And the median was 1.91%.

Warning Sign:

L3Harris Technologies Inc stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


L3Harris Technologies 3-Year Dividend Growth Rate Related Terms>


L3Harris Technologies (L3Harris Technologies) Business Description

Traded in Other Exchanges
Address
1025 West NASA Boulevard, Melbourne, FL, USA, 32919
L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.
Executives
Edward J Zoiss officer: President, Electronic Systems HARRIS CORPORATION, 1395 TROUTMAN BOULEVARD NE, PALM BAY FL 32904
Ross Niebergall officer: President, Aerojet Rocketdyne L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Melanie Rakita officer: Vice President & CHRO C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Rice Edward A Jr director C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Samir Mehta officer: Pres., Communication Systems L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Dana A Mehnert officer: President, RF Communications HARRIS CORPORATION, 1680 UNIVERSITY AVENUE, ROCHESTER NY 14610
James P Girard officer: Vice President, HR L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christopher E Kubasik director, officer: President and COO
Jon Rambeau officer: Pres., Integrated Mission Sys. L3HARRIS TECHNOLOGIES, INC., 1395 TROUTMAN BLVD., NE, PALM BAY FL 32905
Scott T Mikuen officer: VP-General Counsel & Secretary HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christina L Zamarro director 200 INNOVATION WAY, AKRON OH 44316
Joanna Geraghty director C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Michelle L. Turner officer: SVP, Chief Financial Officer L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Harris Harry B. Jr director L3HARRIS TECHNOLOGIES INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Todd W. Gautier officer: Segment President 600 THIRD AVENUE 35TH FLOOR, NEW YORK NY 10016