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

CSC logo_GovConWire

Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined …

CubicLogo

David Buss to Head Cubic’s Defense Segment, Mike Twyman Named Mission Solutions Division Lead

Cubic Corp. (NYSE: CUB) has promoted David Buss to president of the San Diego-based contractor’s global defense …

Subscribe to our Newsletter
I will subscribe later