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Business/Financial

L3Harris Boosts Dividend, Authorizes $6 Billion Share Repurchase Program

By Cal Biesecker

Thursday, January 28th, 2021

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L3Harris Boosts Dividend, Authorizes $6 Billion Share Repurchase Program

L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] on Thursday said its board has approved a 20 percent increase in its quarterly cash dividend and authorized a new $6 billion share repurchase program, demonstrating confidence in the company’s outlook. The new quarterly dividend of $1.02 per share, an increase from 85 cents currently, will be payable in the first quarter of 2021. “We’ve now raised the dividend by nearly 50 percent since the merger as it has become an increasingly important part of value creation…

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