Harris Corporation Increases Quarterly Dividend 33%
August 29 2005 - 9:01AM
PR Newswire (US)
MELBOURNE, Fla., Aug. 29 /PRNewswire-FirstCall/ -- The Board of
Directors of Harris Corporation (NYSE:HRS) has increased the
quarterly cash dividend to 8 cents per share, compared to the
previous quarterly dividend of 6 cents per share. This dividend is
payable September 16, 2005, to shareholders of record September 7,
2005. The 33 percent increase in the cash dividend brings the
annual rate to 32 cents per share, on a post-stock-split basis. "We
are delighted to announce this increase in our quarterly dividend,"
said Howard L. Lance, chairman, president, and CEO. "Harris
reported record results in the recently concluded fiscal year 2005,
and we expect continued positive momentum in the current year for
both our government and commercial segments, driven by expanding
market opportunities and confidence in our strategies that address
those opportunities." Harris Corporation is an international
communications technology company focused on providing assured
communications(TM) products, systems and services for government
and commercial customers. The company's operating divisions serve
markets for government communications, tactical radio, broadcast,
and microwave systems. Harris provides systems and service to
customers in more than 150 countries. Additional information about
Harris Corporation is available at http://www.harris.com/.
Forward-Looking Statement 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
expected financial performance 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. DATASOURCE: Harris Corporation CONTACT: Media inquiries,
Tom Hausman, +1-321-727-9131, , or Investor relations inquiries,
Pamela Padgett, +1-321-727-9383, , both of Harris Corporation Web
site: http://www.harris.com/
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