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Raytheon Raises Annual Dividend by 16%

Raytheon Co. (NYSE: RTN) announced Wednesday that its board of directors voted to increase the company’s annual dividend.

The Waltham, Mass.-based company said it raised the annual cash pay out 16 percent from $1.72 to $2.00 per share.

William H. Swanson, Raytheon chairman and CEO said the move marks the eighth consecutive year the company has raised the cash payout value.

Raytheon also confirmed a payment of a quarterly cash dividend of $0.50 per outstanding share of common stock to be paid by May 3.

Last year the company voted to raise its payout rate by 15 percent from $1.50 to $1.75.

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