Raytheon Raises Dividend

Raytheon's (NYSE: RTN  ) first dividend for 2013 will be a little bit larger for shareholders. The defense company will hand out $0.55 per share of its common stock on May 2 to shareholders of record as of April 3. That amount is a 10% increase over the previous payout of $0.50, which was dispensed in all four quarters of 2012.

Raytheon pointed out in the press release announcing the move that this represents the company's ninth consecutive increase in its annual dividend. Over that time, its regular quarterly payout has risen steadily from a floor of $0.20 per share.

The new dividend annualizes to $2.20 per share. That yields 3.9% at Raytheon's current stock price of $57.00.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2324035, ~/Articles/ArticleHandler.aspx, 8/28/2014 11:08:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement