Home / Financial Report / Raytheon Raises Annual Dividend by 16%

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.

Check Also

OSI Systems

OSI Subsidiary Awarded Potential $140M CBP Screening Tech Contract Pair

An OSI Systems subsidiary has received a pair of contracts worth up to $140 million combined from the Customs …

Ryan Kearny

Ryan Kearny Appointed F5 CTO, EVP for Product Devt; John McAdam Comments

Ryan Kearny, an 18-year veteran of F5 Networks (Nasdaq: FFIV), has been named chief technology officer and …

Subscribe to our Newsletter
I will subscribe later