Raytheon (NYSE:RTN) has elected not to change the amount of its quarterly distribution. The company today declared its latest regular dividend, which is to be $0.55 per share paid on Aug. 8 to shareholders of record as of July 3. That amount matches the company's previous distribution, which was paid earlier this month. Before that, Raytheon doled out an even $0.50 per share.

In recent years, the company has tended to raise its distribution once per year. Over the past decade, its regular payout has ranged from $0.20 per share to the current level.

The just-declared dividend annualizes to $2.20 per share. That yields 3.3% at Raytheon's most recent closing stock price of $67.33.

Fool contributor Eric Volkman has no position in Raytheon. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.