Thread regarding L3 Harris Technologies (LHX)

The reasons to buy IHX

  • 20% dividend increase
  • 35% free cash flow payout ratio
  • Huge $60 Billion government backlog on defense contracts
  • 18 year dividend growth history
  • 5 year dividend CAGR 20%
  • Lower PEG ratio than LMT (less of the growth is priced into the current valuation)
  • 2.23% forward yield
  • Ex-dividend in a week
  • Still 18-20% below pre-COVID high.

Nuff said if you ask me.

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