Harris Stock To Go Ex-dividend Monday (HRS)

NEW YORK ( TheStreet) -- The ex-dividend date for Harris Corporation (NYSE: HRS) is Monday, March 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $44.04 as of 9:33 a.m. ET, the dividend yield is 3%.

The average volume for Harris has been 918,800 shares per day over the past 30 days. Harris has a market cap of $4.46 billion and is part of the technology sector and telecommunications industry. Shares are up 21.9% year to date as of the close of trading on Thursday.

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 10.1, above the average telecommunications industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harris as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Harris Ratings Report.

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