Harris Corporation(NYSE:HRS) Declares Dividend of $0.5300.

Harris Corporation (NYSE:HRS) had declared a cash dividend of $0.5300 on Aug 29, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed for Sep 9, 2016. On Aug 29, 2016 share price, the yield comes out to be 2.3338%. The dividend payable date has been fixed on Sep 21, 2016.

In a different note, Citigroup said it Initiates Coverage on Harris Corporation, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Buy’ by the firm.

Harris Corporation (HRS) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.14% at a volume of 8,26,475. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $93.61. The peak price level was also seen at $93.61 while the days lowest was $92.34. Finally the shares closed at $92.85. The 52-week high of the shares is $93.61 while the 52-week low is $70.1. According to the latest information available, the market cap of the company is $11,534 M.

Harris Corporation(HRS) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.90B. Analysts had an estimated revenue of $1.94B. Earnings per share were $1.45. Analysts had estimated an EPS of $1.44.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Sheldon J Fox (SVP, Integration & Engineering) sold 17,700 shares at $89.02 per share price.Also, On Aug 8, 2016, Dana A Mehnert (SVP, Chief Global Bus Dev Off) sold 27,000 shares at $88.02 per share price.On Aug 4, 2016, Scott T Mikuen (Sr VP-General Counsel & Secy) sold 9,400 shares at $88.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3 2015 the Company operated through four business segments: RF Communications Government Communications Systems Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation sensors air traffic management solutions image processing and distribution communications and information systems.

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