PE of 11, a PEG of 0.51, and it pays a yield of 2.4%.

Military contractor L-3 Communications (LLL) joined the portfolio because of its 1.5% yield and dividend CAGR of 34%, and Harris (HRS), a communications and information-technology outfit, was bought because of its 2.5% yield and five-year dividend CAGR of 31%.

Harris (HRS) was upgraded from underweight to neutral at JPMorgan. Stock has underperformed, and is already pricing in a slowdown in the RF business.

33.0%

In line with its long-term target of sustained dividends in the range of 20% of net income, Harris Corp.(HRS) Monday boosted its common payout for the seventh consecutive year. The Melbourne, Fla., international provider of communications and information technology set a new quarterly of 20 cents a share, up 33% from 15 cents. Disbursement is scheduled for Sept. 17 to investors of record Sept. 4. The stock goes ex-dividend Sept. 2. Harris, which has annual revenues of $5.3 billion, has paid dividends continually since 1941.

Harris (HRS) was downgraded from Neutral to Underweight, JP Morgan said. Estimates also cut, as the RF growth outlook could sputter later in the year.

High-performing technology stock

terrific groth stock

super fundies

CONTINUED DEVELOPMENT OF QUALITY SECURE RADIO TRANSMISSION EQUIPMENT HAS FINALLY CAPTURED THE GOV'T ATTENTION (NOT JUST MILITARY) WORLDWIDE AND SALES ARE GOING UP WHILE MAINTAINING COSTS. CONSISTENT PERFORMER...NO BARN BURNER

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