SureTrader
Home > Boards > US Listed > Electronics and components > RTN - Raytheon Company (RTN)

Raytheon Stock Up, Will Pay

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
frenchee Member Profile
 
Followed By 95
Posts 11,350
Boards Moderated 1
Alias Born 06/05/04
160x600 placeholder
US Army awards Raytheon Long Range Precision Fires risk mitigation contract "PR Newswire (US)" - 8/23/2016 8:00:00 AM
Raytheon awarded up to $104 million to modernize ground controls for U.S. Air Force Global Hawk "PR Newswire (US)" - 8/22/2016 10:51:00 AM
Raytheon unveils Cyber and Electromagnetic Battle Management for U.S. Army "PR Newswire (US)" - 8/22/2016 8:00:00 AM
Raytheon awarded US Navy Enterprise Air Surveillance Radar contract "PR Newswire (US)" - 8/19/2016 5:43:00 PM
Raytheon receives first contract to build Naval Strike Missile launchers in the US "PR Newswire (US)" - 8/17/2016 12:00:00 PM
U.S. Navy conducts first live fire test with SeaRAM® recently installed on USS Carney "PR Newswire (US)" - 8/17/2016 9:00:00 AM
Raytheon shows U.S. Army the future of missile defense "PR Newswire (US)" - 8/15/2016 12:36:00 PM
US, Raytheon go three-for-three in first firing of AIM-9X Sidewinder from F-35 "PR Newswire (US)" - 8/10/2016 9:00:00 AM
U.S. Productivity Fell in Second Quarter "Dow Jones News" - 8/9/2016 9:20:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/4/2016 6:05:36 PM
Raytheon receives $523 million for Standard Missile-3 production and delivery "PR Newswire (US)" - 8/3/2016 9:00:00 AM
Raytheon team competing in DARPA cyber competition finals "PR Newswire (US)" - 8/3/2016 8:00:00 AM
Raytheon opens new cyber center in Augusta, Georgia "PR Newswire (US)" - 8/1/2016 8:00:00 AM
Raytheon to service Swiss radar warning receiver "PR Newswire (US)" - 7/29/2016 8:00:00 AM
Raytheon Joins March to Profits -- WSJ "Dow Jones News" - 7/29/2016 3:03:00 AM
Raytheon Boosts 2016 Guidance -- Update "Dow Jones News" - 7/28/2016 4:35:00 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 7/28/2016 10:11:41 AM
U.S. Hot Stocks: Hot Stocks to Watch "Dow Jones News" - 7/28/2016 9:42:00 AM
Raytheon Boosts 2016 Guidance "Dow Jones News" - 7/28/2016 7:50:00 AM
Raytheon Boosts 2016 Guidance -- Update "Dow Jones News" - 7/28/2016 7:45:00 AM
Raytheon Boosts 2016 Guidance "Dow Jones News" - 7/28/2016 7:28:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/28/2016 6:59:03 AM
Raytheon Reports Strong Second Quarter 2016 Results "PR Newswire (US)" - 7/28/2016 6:55:00 AM
Raytheon launches NSA-certified, next-generation Ethernet encryption system "PR Newswire (US)" - 7/27/2016 9:00:00 AM
Raytheon developing next-generation networking technology to allow seamless airborne communications "PR Newswire (US)" - 7/25/2016 8:30:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 238 
Raytheon Stock Up, Will Pay
New Quarterly Dividend
By SHIRLEY A. LAZO

RAYTHEON MADE HEADLINES AROUND THE WORLD LAST MONTH when one of its Navy-fired, pinpoint-accurate missiles brought down a dying U.S. spy satellite that could have created a hazard had it struck Earth. That achievement may also have benefited the controversial U.S. missile-defense program.

At about the same time, Raytheon's Big Board-listed stock (ticker: RTN) hit a 52-week high of 67.49. Since then, it's remained aloft. Of course, defense is one of the few industries that generally can produce strong earnings in an economic slowdown. Raytheon's 10% dividend boost Wednesday was a plus for the shares, too.

The world's fifth-largest defense contractor, whose specialty is high-tech missiles and electronics, will pay a new quarterly of 28 cents a common share, up from 25.5 cents. Yield: 1.73%. Disbursement is scheduled for April 29 to investors on Raytheon's roster April 1. The stock went ex-dividend March 28. As detailed in this space March 10, rival General Dynamics (GD) has enriched its quarterly 20.7%.

"This dividend increase reflects our continued strong financial performance and our ongoing commitment to provide value to our shareholders," said Raytheon CEO William H. Swanson. The 86-year-old Waltham, Mass., company has paid dividends without interruption since 1964. Payouts resumed their climb in 2005, after having been stuck at 20 cents a share since 1996.

Uncle Sam accounts for 85% of Raytheon's annual sales, which last year totaled $21.3 billion. JPMorgan Securities recently noted that, at approximately $670 billion, defense spending represents 20% of the U.S. budget and surpasses the rest of the world's military expenditures by more than $150 billion. Morgan estimates outlay growth of 13% in fiscal 2008 and 15% in fiscal 2009. Furthermore, since 2003, says Morgan, defense contractors have increased free cash flow 125%, to $20.7 billion, and cut net debt 85%, to only $5.4 billion.

The defense sector also set a record for stock buybacks in 2007. For its part, Raytheon repurchased 28.7 million of its shares last year for $1.6 billion. At year-end 2007, it had $25.5 billion in bookings and a $36.6 billion backlog -- both records. For 2008, the company expects earnings from continuing operations of $3.65 to $3.80 a share, versus 2007's $3.31.








Regards,
frenchee

#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)

SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist