L3Harris Technologies boosted its quarterly dividend 3.4%. The defense contractor on Friday said that its board of directors approved the increase in its quarterly payout to $1.20 per share from $1.16 previously. The new payout, equal to $4.80 annually, represents a yield of 2.3% based on the company's last closing price of $204.90.

The Board of Directors of L3Harris Technologies (LHX) has approved an increase in the company’s per share quarterly cash dividend rate from