Latest news with #L3HarrisTechnologies
Yahoo
5 days ago
- Business
- Yahoo
Should Income Investors Look At L3Harris Technologies, Inc. (NYSE:LHX) Before Its Ex-Dividend?
L3Harris Technologies, Inc. (NYSE:LHX) is about to trade ex-dividend in the next four days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase L3Harris Technologies' shares before the 3rd of June to receive the dividend, which will be paid on the 18th of June. The company's next dividend payment will be US$1.20 per share, and in the last 12 months, the company paid a total of US$4.80 per share. Based on the last year's worth of payments, L3Harris Technologies stock has a trailing yield of around 2.0% on the current share price of US$244.37. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. L3Harris Technologies paid out 55% of its earnings to investors last year, a normal payout level for most businesses. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Fortunately, it paid out only 39% of its free cash flow in the past year. It's positive to see that L3Harris Technologies's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. See our latest analysis for L3Harris Technologies Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at L3Harris Technologies, with earnings per share up 2.9% on average over the last five years. Earnings per share growth has been slim, and the company is already paying out a majority of its earnings. While there is some room to both increase the payout ratio and reinvest in the business, generally the higher a payout ratio goes, the lower a company's prospects for future growth. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. L3Harris Technologies has delivered 9.8% dividend growth per year on average over the past 10 years. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. From a dividend perspective, should investors buy or avoid L3Harris Technologies? Earnings per share growth has been modest and L3Harris Technologies paid out over half of its profits and less than half of its free cash flow, although both payout ratios are within normal limits. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there. While it's tempting to invest in L3Harris Technologies for the dividends alone, you should always be mindful of the risks involved. Case in point: We've spotted 2 warning signs for L3Harris Technologies you should be aware of. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
5 days ago
- Business
- Yahoo
Should Income Investors Look At L3Harris Technologies, Inc. (NYSE:LHX) Before Its Ex-Dividend?
L3Harris Technologies, Inc. (NYSE:LHX) is about to trade ex-dividend in the next four days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase L3Harris Technologies' shares before the 3rd of June to receive the dividend, which will be paid on the 18th of June. The company's next dividend payment will be US$1.20 per share, and in the last 12 months, the company paid a total of US$4.80 per share. Based on the last year's worth of payments, L3Harris Technologies stock has a trailing yield of around 2.0% on the current share price of US$244.37. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. L3Harris Technologies paid out 55% of its earnings to investors last year, a normal payout level for most businesses. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Fortunately, it paid out only 39% of its free cash flow in the past year. It's positive to see that L3Harris Technologies's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. See our latest analysis for L3Harris Technologies Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at L3Harris Technologies, with earnings per share up 2.9% on average over the last five years. Earnings per share growth has been slim, and the company is already paying out a majority of its earnings. While there is some room to both increase the payout ratio and reinvest in the business, generally the higher a payout ratio goes, the lower a company's prospects for future growth. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. L3Harris Technologies has delivered 9.8% dividend growth per year on average over the past 10 years. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. From a dividend perspective, should investors buy or avoid L3Harris Technologies? Earnings per share growth has been modest and L3Harris Technologies paid out over half of its profits and less than half of its free cash flow, although both payout ratios are within normal limits. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there. While it's tempting to invest in L3Harris Technologies for the dividends alone, you should always be mindful of the risks involved. Case in point: We've spotted 2 warning signs for L3Harris Technologies you should be aware of. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
6 days ago
- Business
- Yahoo
L3Harris Technologies, Inc. (LHX) to Support Canada's National Security with Advanced ISR Imaging Technology
On Monday, L3Harris Technologies, Inc. (NYSE:LHX) announced it was awarded a contract by the Canadian Commercial Corporation for 16 WESCAM MX-20 surveillance and targeting systems for the Royal Canadian Air Force's P-8A aircraft. The systems will help conduct critical maritime and overland patrol and reconnaissance missions. A military jetfighter against a deep blue sky with the sun behind it. Tom Kirkland, Vice President and General Manager, Targeting and Sensor Systems, at L3Harris Technologies, Inc. (NYSE:LHX) stated the following on the agreement: 'Integrating our proven technology with the P-8A equips Canada with the most advanced ISR imaging solution. Maritime and national security, including missions in the Arctic, require extremely reliable systems like the WESCAM MX-20 to enhance critical security coast-to-coast.' The latest contract builds on L3Harris Technologies, Inc. (NYSE:LHX)'s announcement last year to supply 11 WESCAM MX-20 systems for Canada's fleet of MQ-9B SkyGuardian, a remotely piloted aircraft. The company has delivered approximately 8,000 WESCAM MX-Series EO/IR systems to customers worldwide. These systems are active in more than 87 countries, supporting air, land, and sea missions on over 260 different platforms. L3Harris Technologies, Inc. (NYSE:LHX) is a vital player in the aerospace and defense industry, specializing in end-to-end technology solutions connecting the air, space, land, and sea domains in national security. The company is currently being tapped for America's $175B Golden Dome System project. You can read more on this here. While we acknowledge the potential of LHX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
L3Harris Technologies Tapped for $175B Golden Dome System
L3Harris Technologies, Inc. (NYSE:LHX) rallied by as much as 4% on May 21 as President Donald Trump's administration announced plans to build the Golden Dome missile defense system that leverages its satellites. The $175 billion defense system is slated for completion in less than three years. The aerospace and defense company has carved a niche in developing mission-critical solutions for governments and commercial customers. Consequently, it is well-positioned to be one of the biggest beneficiaries of the development of the Golden Dome System amid calls for more homegrown products and systems. The latest deal comes as the company is completing a $125 million expansion at Fort Wayne. A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels Additionally, L3Harris Technologies has already inked a $214 million order deal under Germany's Digitalization Land-Based program. The program is for the delivery of interoperable communication systems to enhance the capabilities of the German armed forces. Amid the wave of deals, JPMorgan has reiterated an Overweight rating on the stock with a $255 price target. The bullish stance stems from the company's involvement in significant defense programs expected to bolster its revenue base. With an annual revenue base of about $21 billion, L3Harris has rewarded investors with dividends for 55 years. While we acknowledge the potential of L3Harris Technologies, Inc. (NYSE:LHX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Euronews
23-05-2025
- Business
- Euronews
What we know about Trump's plans for a 'Golden Dome' defence system
Earlier this week, US President Donald Trump announced a plan for an American-made "Golden Dome" defense system that would protect the country from the threat of foreign missile attack. Trump claims this will be the first project to put US weapons in space and would be operational by the end of his term in 2029. Pete Hegseth, the US Secretary of Defense, told journalists that the Golden Dome is a "generational investment into the security of America". This is what we know so far about the Golden Dome project, including who is working on it and what weapons could be involved. Once finished, Trump claims the Golden Dome will be able to shoot down hypersonic, ballistic, and advanced cruise missiles, and drones, even if they are launched from the other side of the world or from space. The dome - described as the "best system in the world" by Trump - will have a success rate of "near 100 per cent," he claimed. An anonymous source told the Associated Press that the Golden Dome would have ground and space-based capabilities that will be able to detect and stop missiles at all four major stages of a potential attack: detection, interception at the earliest stage of flight, stopping them midcourse, or halting them as they descend to a target. The US government has also been developing three options, including space-based interceptors, the source said. Some of the early systems are expected from existing production lines. Senators at the press conference earlier this week named L3Harris Technologies, Lockheed Martin, and RTX (formerly Raytheon), as potential contractors. L3Harris announced in April that it expanded a plant in the state of Indiana to work on "on-orbit technology" for the Golden Dome. Lockheed Martin said on its website that their goal is to deliver the first Golden Dome defenses by the end of 2026. It also lists some of the existing weapons that could be part of the project, like the Command Control Battle Management Communications system (C2BMC), which the company says lets commanders make synchronised decisions about missile attacks in any phase of flight. Trump earmarked an initial $25 billion (€22.16 billion) for the Golden Dome project in his proposed tax break bill, which was approved by the US House of Representatives on Thursday, with the total cost of the project coming in at an estimated $175 billion over three years (€155 billion). A report from the US Congressional Budget Office, on the other hand, put the cost of only the space-based interceptors that could be used for the system at either $161 billion (€142.7 billion) for the lowest cost alternative or $542 billion (€480.33 billion) for a high cost option. Trump said that the Golden Dome would develop new technologies but would also integrate some that it already has, which could include joint weapons developed with the Israelis for their layered defense system. Commonly known as the "Iron Dome," Israel's system is capable of detecting incoming fire and deploying only if the projectile is headed towards a population center or sensitive military or civilian infrastructure. Israel uses a combination of the Arrow, David's Sling, and the Iron Dome to protect itself from long, medium, and short-range missiles. The Arrow weapons system is a family of interceptive missiles that "surveils, detects, tracks and kills" incoming attacks "far away from their target," with a fully automated control system, according to an Israeli Aerospace Industries (IAI). It was developed by the IAI in cooperation with the US' Boeing. David's Sling, the medium-range defense system developed by Israel's Rafael Advanced Defense Systems and the US' RTX, offers "hit-to-kill" defense against ballistic missiles, enemy planes, and drones. The Iron Dome then works exclusively to deter the short-range threats. Israeli officials say the system isn't 100 per cent effective but still credit it as having played a critical role in the country's defense from various rocket and missile fire from Iran and militia group in the Israel-Hamas conflict launched on October 7, 2023. Europe is also working on its own version. In 2022, 21 European countries launched the European "Sky Shield" Initiative, whereby they agreed to cooperate in how defence systems are procured, maintained, and how to support each other. Any weapons procured for the Sky Shield will then be folded into an existing NATO mission that "protects Alliance territory… against any air or missile threat or attack," according to the organisation. Some countries, like Germany, have signed contracts with the Israelis or the Americans for the Arrow rocket system as part of Sky Shield.
