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Raytheon Stock Up, Will Pay

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Raytheon Reports Solid First Quarter 2016 Results "PR Newswire (US)" - 4/28/2016 6:55:00 AM
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Proxy Statement (definitive) (def 14a) "Edgar (US Regulatory)" - 4/27/2016 6:30:52 AM
U.S. Navy awards Raytheon up to $104 million for long-range radar operations "PR Newswire (US)" - 4/26/2016 9:00:00 AM
University of Central Florida becomes winningest National Collegiate Cyber Defense champion "PR Newswire (US)" - 4/24/2016 5:06:00 PM
Raytheon Company to release first quarter 2016 results on April 28, 2016 "PR Newswire (US)" - 4/19/2016 8:00:00 AM
BMW Northern Europe awards comprehensive training outsource contract to Raytheon "PR Newswire (US)" - 4/18/2016 8:00:00 AM
The U.S. Navy awards Raytheon $1B Next Generation Jammer Engineering and Manufacturing Development contract "PR Newswire (US)" - 4/14/2016 8:21:00 AM
Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) "Edgar (US Regulatory)" - 4/12/2016 4:38:10 PM
Raytheon, U.S. Air Force successfully complete GPS OCX first qualification test "PR Newswire (US)" - 4/12/2016 8:00:00 AM
Raytheon Company to showcase space mission expertise "PR Newswire (US)" - 4/11/2016 10:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:11:26 PM
US Army awards Raytheon, DRS $56 million to develop next-gen infrared night vision "PR Newswire (US)" - 4/5/2016 9:00:00 AM
National Science Foundation awards Raytheon $8 million to continue building the future Internet "PR Newswire (US)" - 4/4/2016 8:30:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 3/30/2016 5:46:13 PM
Doug Peterson named Raytheon 4th Air Traffic Controller of the Year "PR Newswire (US)" - 3/30/2016 9:00:00 AM
Raytheon Signs Pact to Supply 245 Stinger Missiles to India "Dow Jones News" - 3/30/2016 7:33:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 237 
Raytheon Stock Up, Will Pay
New Quarterly Dividend

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.


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