Harris Corporation Increases Quarterly Dividend Six Percent to 50 Cents Per Share

MELBOURNE, Fla.--(BUSINESS WIRE)--

The Board of Directors of Harris Corporation HRS has increased the quarterly cash dividend by six percent from 47 cents per share to 50 cents per share and declared a quarterly cash dividend of 50 cents per share, payable September 24, 2015 to shareholders of record September 11, 2015. The annualized cash dividend correspondingly increases from $1.88 per share to $2.00 per share. This action represents the company's 14^th consecutive annual dividend increase.

"Harris remains committed to providing shareholders with an attractive dividend, which has grown at an approximately 20 percent compounded annual rate over the past decade," said William M. Brown, chairman, president and chief executive officer. "We are confident in the company's long-term outlook and our continued ability to generate strong free cash flow and return value to our shareholders."

About Harris Corporation

Harris provides advanced, technology-based solutions that solve government and commercial customers' mission-critical challenges. The company has approximately $8 billion in annual revenue and about 23,000 employees – including 9,000 engineers and scientists – supporting customers in more than 125 countries. Learn more at harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our financial position and outlook are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statement may be disclosed in the company's filings with the SEC. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150828005577/en/