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Raytheon Stock Up, Will Pay

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Raytheon executives to speak at Credit Suisse 3rd Annual Industrials Conference on Dec. 1 "PR Newswire (US)" - 11/23/2015 8:00:00 AM
As the Air War Heats Up, Defense Contractors Rake In Profits "The Motley Fool" - 11/22/2015 12:13:03 PM
Raytheon takes next step toward defining Multi-Object Kill Vehicle concept "PR Newswire (US)" - 11/20/2015 9:00:00 AM
Latest Patriot takes out two ballistic missiles during first flight test "PR Newswire (US)" - 11/19/2015 12:30:00 PM
Raytheon completes GPS III launch readiness exercises "PR Newswire (US)" - 11/19/2015 8:00:00 AM
Raytheon Company declares quarterly cash dividend and increases share repurchase authorization by $2.0 billion "PR Newswire (US)" - 11/18/2015 4:56:00 PM
Human Rights Campaign names Raytheon a "Best Place to Work" for LGBT equality "PR Newswire (US)" - 11/18/2015 11:30:00 AM
Raytheon delivers sonar for DARPA's unmanned anti-submarine warfare vehicle program "PR Newswire (US)" - 11/18/2015 11:14:00 AM
Raytheon brings Engineering is Elementary® to San Antonio, TX elementary schools "PR Newswire (US)" - 11/17/2015 5:01:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 11/16/2015 4:32:08 PM
Raytheon's MathAlive! Interactive Exhibit: Military Tour 2016 "PR Newswire (US)" - 11/16/2015 9:30:00 AM
American "Stryke" Force Headed for Lithuania? "The Motley Fool" - 11/15/2015 8:13:02 AM
Next Generation Jammer completes Preliminary Design Review milestone "PR Newswire (US)" - 11/13/2015 10:00:00 AM
Arizona Technology Council honors Raytheon Missile Systems with 2015 Pioneering Award "PR Newswire (US)" - 11/12/2015 8:00:00 AM
Raytheon and Student Veterans of America to award $10,000 scholarships to U.S. Army veterans "PR Newswire (US)" - 11/11/2015 4:22:00 PM
Raytheon marks 200th global delivery of F-15 AESA radar "PR Newswire (US)" - 11/10/2015 8:00:00 AM
Raytheon, Abu Dhabi Ship Building celebrate first decade of partnership "PR Newswire (US)" - 11/9/2015 11:59:00 PM
Lockheed Martin Lands Massive Missile Defense Project "The Motley Fool" - 11/9/2015 1:13:02 PM
U.S. Army turns to Raytheon to support aircraft for foreign nations "PR Newswire (US)" - 11/9/2015 8:00:00 AM
U.S. Army invests in Patriot radar modernization upgrades "PR Newswire (US)" - 11/9/2015 8:00:00 AM
Raytheon completes DARPA Persistent Close Air Support flight test phase "PR Newswire (US)" - 11/8/2015 1:00:00 AM
Lost: One $3 Billion Blimp. If Found, Please Return to Raytheon "The Motley Fool" - 11/7/2015 10:13:03 AM
Raytheon will begin FAB-T satellite communication terminal production "PR Newswire (US)" - 11/5/2015 8:00:00 AM
World's busiest airport rolls out new Raytheon Air Traffic Control system "PR Newswire (US)" - 11/4/2015 8:00:00 AM
With scholarships and career advice, Raytheon helps veterans succeed as civilians "PR Newswire (US)" - 11/4/2015 8:00:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 233 
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.


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

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