As an income-driven investor, there are several factors I tend to consider when deciding whether or not I’d like to move ahead and establish a position in anyone particular company. For the purposes of my screening process, I prefer the company to be trading at-or-near their 52-week low (generally speaking, this is never any higher than10% above that number), to currently possess a P/E no greater than 15, and to currently yield at least 3.0%. Given the above mentioned criteria, I wanted to highlight a number reasons as to why I’m staying bullish and may consider establishing a position in Harris Corporation.

Harris Corporation (HRS) – Based in Melbourne, Florida, and together with its subsidiaries, the company operates as an international communications and information technology company worldwide and is broken into a number of segments that include the RF Communications, the Integrated Network Solutions, and the Government Communications Systems segments.

Recent Fundamentals & Trend Behavior - As a result of Tuesday’s closing price of $61.82/share, Harris Corporation now has a market capitalization of $6.46 billion, a P/E ratio of 12.36, and a forward yield of $3.04% ($1.88). Its trend behavior, although fairly negative in the near-term (given the fact shares are trading 7.28% below their 20-DSMA, 9.66% below their 50-DSMA, and 13.11% below their 200-DSMA ), could see a turnaround over the next 12-18 months especially now that the company’s Wideband Rifle Team Radios have exceeded initial expectations.

5-Year Dividend Behavior – Since September 2009 we’ve seen Harris Corporation demonstrate some very impressive dividend growth. Over the past five year the company has increased its quarterly payout from $0.22/share (September 2009) to $0.47/share (September 2014). Not only does that increase represent a boost of $0.25/share, it also demonstrates a five-year dividend growth rate of 113%.

Conclusion - For those of you who may be considering a position in Harris Corporation, I strongly recommend keeping a close eye on the company's dividend behavior over the next 18-24 months as it should directly impact both the company’s trend behavior as well as the long-term value of its shares.