L3Harris Technologies, Inc.
LHX24 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
2.02%
Annual Dividend
$5.00
Payout Ratio
49%
5-Yr Growth
7.1%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of September 2026, L3Harris Technologies, Inc. (LHX) yields 2.02% ($5.00 per share annually), with a blended fair-value estimate of $317.40 — +28% upside, so it screens as undervalued. Dividend safety grade: A (94/100). 24 years of dividend growth.
Is LHX a good dividend stock?
YesL3Harris Technologies, Inc. (LHX) pays a quarterly dividend yielding 2.02% ($5.00/yr), with 24 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 24 consecutive years of dividend growth
- Comfortable payout ratio (49%)
- Strong 7.1% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 1999
Key Data
- Dividend Yield
- 2.02%
- Payout Ratio
- 49%
- Annual Dividend
- $5.00
- 5-Yr Avg Growth
- 7.1%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 24
- Frequency
- quarterly
- Beta
- 0.51
- Market Cap
- $46.0B
- P/E Ratio
- 25.0
- 5-Yr Total Return
- 7%
- 52-Week Range
- $244.76 – $379.23
- Dividend Safety
- A · 94/100
- Ever Cut?
- Yes (1999)
Frequently Asked Questions
LHX Price — Last 12 Months
Daily close
Price Return
1 Year
-14%
3 Years
+38%
5 Years
+7%
52-Week Range
$244.76 – $379.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LHX worth?
Undervaluedmedium confidenceOur blended fair-value estimate for L3Harris Technologies, Inc. is $317.40 per share, versus a market price of $247.29. That implies 28% of upside — a margin of safety of about 22%.
Fair Value
$317.40
Current Price
$247.29
Upside
+28%
Margin of Safety
22%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.2% annual free-cash-flow growth. We model 14.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.9% stage-1 growth, 2.5% terminal growth, $9.89 EPS, $5.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LHX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 4, 2026 | — | $1.2500 | regular |
| Jun 5, 2026 | — | $1.2500 | regular |
| Mar 6, 2026 | — | $1.2500 | regular |
| Nov 17, 2025 | — | $1.2000 | regular |
| Sep 5, 2025 | — | $1.2000 | regular |
| Jun 3, 2025 | — | $1.2000 | regular |
| Mar 10, 2025 | — | $1.2000 | regular |
| Nov 18, 2024 | — | $1.1600 | regular |
| Sep 6, 2024 | — | $1.1600 | regular |
| Jun 4, 2024 | — | $1.1600 | regular |
| Mar 7, 2024 | — | $1.1600 | regular |
| Nov 16, 2023 | — | $1.1400 | regular |
| Sep 1, 2023 | — | $1.1400 | regular |
| Jun 1, 2023 | — | $1.1400 | regular |
Income Calculator
At $5.00 / yr per share
