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Raytheon Boosts Annual Dividend 16% In 8th Straight Increase

DOW JONES NEWSWIRES Raytheon Co. (RTN) will increase its annual dividend 16%, extending its streak of higher shareholder payouts for the eighth straight year. The 28-cent increase, to $2 a share, will cost the company about $95 million more each year. Raytheon on Wednesday also declared a 50-cent quarterly dividend as part of the increase. The company's quarterly payouts are subject to authorization by its board. The defense company's raised dividend follows a series of similar increases from a wide range of companies in recent months. Many corporations have boosterd payouts to investors of late to reassure them about future business prospects. Raytheon and other defense companies have been diversifying into growing areas such as cybersecurity and seeking international growth in response to lean U.S. defense spending. The company's latest fourth-quarter profit improved--despite weaker revenue--due to lower costs. "This dividend increase reflects our confidence in the company's future, and represents our continued dedication to a balanced capital deployment strategy made possible by Raytheon's strong financial position," Chairman and Chief Executive William H. Swanson said. Shares were up 1.6% at $52.31 after hours. The stock had climbed 9.3% over the past three months through Wednesday's close. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Raytheon (RTN)
DateTimeHeadline
08/27/201508:00:00Raytheon and US Navy collaborate to optimize minehunting sonar
08/26/201509:05:00Raytheon to provide training services to U.S. Air Force
08/26/201508:00:00Raytheon air-to-air missile scores direct hit from U.S. Army...
08/21/201512:00:00NASA extends Raytheon contract for facilities that support human...
08/21/201508:00:00Raytheon's Excalibur Ib Compatible with M198 howitzer
08/19/201517:15:23Statement of Changes in Beneficial Ownership (4)
08/18/201508:00:00U.S. Special Operations Command Taps Raytheon for Mission Support
08/18/201506:00:00Raytheon and Boys & Girls Clubs of America establish 'Centers...
08/14/201514:00:00Missile Defense Agency awards Raytheon study contract for Multi-Object...
08/13/201512:00:00Patriot Air and Missile Defense celebrates 50 years of innovation
08/12/201508:00:00Raytheon Delivers Next-Generation SATCOM Radio for Certification...
08/12/201508:00:00Raytheon receives $52 million award to continue JPALS test and...
08/11/201517:03:01Amended Current Report Filing (8-k/a)
08/10/201517:07:19Initial Statement of Beneficial Ownership (3)
08/05/201516:41:55Current Report Filing (8-k)
08/05/201508:00:00New software flies high as US Navy, Raytheon complete Tomahawk...
08/05/201507:52:29BAE Sees Interest for Type 26 Frigate in Canada, Australia, Germany
08/03/201511:59:00Missile Defense Agency, Raytheon demonstrate SM-6's new anti-ballistic...
07/30/201517:13:05Statement of Changes in Beneficial Ownership (4)
07/30/201516:30:00Raytheon Company appoints Wesley D. Kremer President, Integrated...

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