L3Harris Technologies (LHX) has announced a dividend hike of 9.8 percent to $1.12 per share in 2022. This marks 21 consecutive years of dividend increases by the aerospace and defense tech company. Last year LHX announced a dividend hike of 20.0 percent to $1.02 per share.

The next LHX dividend is payable March 25, 2022, to shareholders of record on the close of business on March 11, 2022. A new annualized rate of $4.48 per share yields 1.8% at a stock price of $239. The ex-dividend date for the new increased L3Harris dividend is June 2.

L3Harris Technologies is a global aerospace and defense technology company. L3Harris provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. The company's four business segments are: Integrated Mission Systems, Space and Airborne Systems, Communication Systems and Aviation Systems. L3Harris Technologies was formed by the all-stock merger between Harris Corporation and L3 Technologies on June 29, 2019.