Harris Stock To Go Ex-dividend Tomorrow (HRS)
NEW YORK (
) -- The ex-dividend date for
(NYSE:
) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $39.65 as of 9:30 a.m. ET, the dividend yield is 3.4%.
The average volume for Harris has been 847,600 shares per day over the past 30 days. Harris has a market cap of $4.48 billion and is part of the
sector and
industry. Shares are up 9.2% year to date as of the close of trading on Friday.
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Harris Corporation, together with its subsidiaries, operates as a communications and information technology company that serves government and commercial markets worldwide. It operates in three segments: RF Communications, Integrated Network Solutions, and Government Communications Systems. The company has a P/E ratio of 37.5, below the average telecommunications industry P/E ratio of 492.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Harris as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management. You can view the full
.
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