Fidelity SPDR Advertisement
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 92
Posts 11,108
Boards Moderated 1
Alias Born 06/05/04
160x600 placeholder
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 11/24/2014 5:25:46 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 11/24/2014 5:15:10 PM
Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) "Edgar (US Regulatory)" - 11/24/2014 9:31:33 AM
Raytheon executives to speak at Credit Suisse Global Industrials Conference on Dec. 2 "PR Newswire (US)" - 11/24/2014 8:00:00 AM
Raytheon Company appoints Randa G. Newsome Vice President Human Resources; Keith J. Peden to Retire January 31, 2015 "PR Newswire (US)" - 11/20/2014 2:00:00 PM
Raytheon and General Motors win National Excellence in Training award for technical training development and delivery "PR Newswire (US)" - 11/20/2014 8:00:00 AM
Raytheon Company declares quarterly cash dividend "PR Newswire (US)" - 11/19/2014 5:22:00 PM
Raytheon successfully demonstrates complex, integrated electronic warfare capabilities during prototype flight tests "PR Newswire (US)" - 11/19/2014 11:00:00 AM
Raytheon named "Best Place to Work" for LGBT equality for tenth straight year "PR Newswire (US)" - 11/19/2014 8:00:00 AM
Raytheon is named one of the 2014 Global Aon Hewitt Top Companies for Leaders "PR Newswire (US)" - 11/18/2014 8:00:00 AM
Raytheon engineer wins prestigious national award "PR Newswire (US)" - 11/17/2014 8:00:00 AM
Raytheon scholarships help three veterans pursue cybersecurity, engineering careers "PR Newswire (US)" - 11/11/2014 8:00:00 AM
More Afghan pilots to receive Raytheon training "PR Newswire (US)" - 11/10/2014 8:00:00 AM
US Air Force awards Raytheon contract for Griffin missiles "PR Newswire (US)" - 11/7/2014 8:00:00 AM
SM-3, SM-2s take on ballistic, cruise missile targets during simulated missile 'raid' attack exercise "PR Newswire (US)" - 11/6/2014 7:43:00 PM
U.S. Hot Stocks: Hot Stocks to Watch "Dow Jones News" - 11/5/2014 9:45:59 AM
Raytheon begins flight testing DARPA's Persistent Close Air Support program "PR Newswire (US)" - 11/5/2014 8:00:00 AM
Raytheon acquires special operations and cybersecurity firm Blackbird Technologies "PR Newswire (US)" - 11/5/2014 7:00:00 AM
Raytheon awarded $174.5 million contract to provide ground and airborne ISR mission support to the U.S. Air Force "PR Newswire (US)" - 11/4/2014 8:00:00 AM
Raytheon brings Engineering is Elementary® to Orange County, FL elementary schools "PR Newswire (US)" - 11/3/2014 8:00:00 AM
New England Legal Foundation Honors Jay B. Stephens, Raytheon General Counsel, with First Annual Cabot Award "PR Newswire (US)" - 10/31/2014 2:26:00 PM
Raytheon awarded $205 million Phalanx upgrade contract "PR Newswire (US)" - 10/30/2014 3:00:00 AM
Midterm Elections: If GOP Wins Senate, These Stocks Will Gain -- Barron's "Dow Jones News" - 10/29/2014 1:27:33 PM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 205 
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)

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