Harris Stock To Go Ex-dividend Tomorrow (HRS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Harris Corporation (NYSE: HRS) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $50.81 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Harris has been 977,600 shares per day over the past 30 days. Harris has a market cap of $5.52 billion and is part of the technology sector and telecommunications industry. Shares are up 2.9% year to date as of the close of trading on Friday.

Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Harris as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Harris Ratings Report.

See our dividend calendar or top-yielding stocks list.

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