harris corporation

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market Information and Price Range of Common Stock
Our common stock, par value $1.00 per share, is listed and traded on the NYSE, under the ticker symbol
“HRS.” According to the records of our transfer agent, as of August 26, 2011, there were approximately
5,860 holders of record of our common stock. The high and low sales prices of our common stock as reported on
the NYSE consolidated transactions reporting system and the dividends paid on our common stock for each
quarterly period in our last two fiscal years are reported below:
High Low
Cash
Dividends
Fiscal 2011
First Quarter ...... $48.95 $41.13 $0.25
Second Quarter .... $47.42 $43.02 0.25
Third Quarter. ..... $51.27 $43.14 0.25
Fourth Quarter ..... $53.39 $43.75 0.25
$1.00
High Low
Cash
Dividends
Fiscal 2010
First Quarter ...... $39.42 $26.11 $0.22
Second Quarter .... $48.25 $35.88 0.22
Third Quarter. ..... $49.67 $42.67 0.22
Fourth Quarter ..... $54.50 $40.24 0.22
$0.88
On August 26, 2011, the last sale price of our common stock as reported in the NYSE consolidated
transactions reporting system was $37.69 per share.
Dividends
The cash dividends paid on our common stock for each quarter in our last two fiscal years are set forth in the
tables above. On July 30, 2011, our Board of Directors increased the quarterly cash dividend rate on our common
stock from $.25 per share to $.28 per share, for an annualized cash dividend rate of $1.12 per share and declared a
quarterly cash dividend of $.28 per share, which will be paid on September 16, 2011 to holders of record on
September 7, 2011. Our annualized cash dividend rate was $1.00 per share, $.88 per share and $.80 per share in
fiscal 2011, fiscal 2010 and fiscal 2009, respectively. Quarterly cash dividends are typically paid in March, June,
September and December. We currently expect that cash dividends will continue to be paid in the near future, but
we can give no assurances. The declaration of dividends and the amount thereof will depend on a number of factors,
including our financial condition, capital requirements, results of operations, future business prospects and other
factors that our Board of Directors may deem relevant.
Harris Stock Performance Graph
The following performance graph and table do not constitute soliciting material and the performance graph
and table should not be deemed filed or incorporated by reference into any other previous or future filings by us
under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate the performance
graph and table by reference therein.
The performance graph and table below compare the five-year cumulative total return of our common stock
with the comparable five-year cumulative total returns of the Standard & Poor’s 500 Composite Stock Index (“S&P
500”), the Standard & Poor’s 500 Information Technology Sector Index (“S&P 500 Information Technology”) and
the Standard & Poor’s 500 Aerospace & Defense Index (“S&P 500 Aerospace & Defense”). The figures in the
performance graph and table below assume an initial investment of $100 at the close of business on June 30, 2006
in Harris, the S&P 500, the S&P 500 Information Technology and the S&P 500 Aerospace & Defense and the
reinvestment of all dividends, including, with respect to our common stock, the Spin-off dividend. For purposes of
calculating the cumulative total return of our common stock, the then-current market value of the HSTX shares
distributed in the Spin-off was deemed to have been reinvested on the May 27, 2009 Spin-off date in shares of our
common stock.
We have included the S&P 500 because we are a company within the S&P 500, and we have included the S&P
500 Information Technology as a relevant published industry index. In addition, we have included the S&P 500
Aerospace & Defense because we believe that this index is representative of certain other companies competing
with us or otherwise participating in markets we serve, and therefore may also provide a fair basis for comparison
with us and be relevant to an assessment of our performance.
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