WALTHAM, Mass., March 29, 2017 /PRNewswire/ -- The Board of
Directors of Raytheon Company (NYSE: RTN) has voted to increase the
company's annual dividend payout rate by 8.9 percent, from
$2.93 to $3.19 per share. The Board also authorized
payment of a quarterly cash dividend of $0.7975 per outstanding share of common stock, to
be paid on May 11, 2017, to
shareholders of record as of the close of business on April 12, 2017. Payment of quarterly dividends is
subject to Board authorization.
"With today's announcement, we have increased our annual
dividend for 13 consecutive years," said Thomas A. Kennedy, Raytheon Chairman and CEO.
"The dividend increase is a key part of our balanced capital
deployment strategy, and reflects our confidence in the company's
growth and financial outlook and our continued focus on creating
value for shareholders."
About Raytheon
Raytheon Company, with 2016 sales of
$24 billion and 63,000 employees, is
a technology and innovation leader specializing in defense, civil
government and cybersecurity solutions. With a history of
innovation spanning 95 years, Raytheon provides state-of-the-art
electronics, mission systems integration,
C5I™ products and services, sensing, effects, and
mission support for customers in more than 80 countries. Raytheon
is headquartered in Waltham, Mass.
Follow us on Twitter.
Investor Relations Contact
Todd Ernst
+1.781.522.5141
Media Contact
Corinne
Kovalsky
+1.781.522.5899
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/raytheon-company-increases-dividend-by-89-percent-13th-consecutive-annual-increase-300431314.html
SOURCE Raytheon Company