L3Harris Technologies (LHX) announced its board of directors approved an increase in the company’s per share quarterly cash dividend rate to $1.25 from $1.20, commencing with the dividend for the first quarter of the year. The dividend is payable March 20 to shareholders of record as of March 6. The company noted this corresponds to an increase in the annualized rate from $4.80 to $5.00.
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