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Harris Increases Stock Dividend, Citing Government Business

Shareholders will see a bit more in their dividend checks from Harris Corp. The company has declared a quarterly dividend of 10 cents per share, up from 8 cents last quarter. The annual rate is now 40 cents per share.

Chairman/CEO Howard L. Lance said, "The financial position and level of liquidity of the company continues to be very strong." He said the company's government businesses are driving growth at Harris.

The company recently has reported declines in broadcast sales, due to a drop in demand for DTV equipment; and it laid off some staff this spring.