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Raytheon Stock Up, Will Pay

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Current Report Filing (8-k) "Edgar (US Regulatory)" - 12/17/2014 5:25:01 PM
GPS III and OCX Successfully Demonstrate Key Satellite Command and Control Capabilities "PR Newswire (US)" - 12/17/2014 10:00:00 AM
Jay B. Stephens to Retire From Raytheon Company "PR Newswire (US)" - 12/17/2014 9:00:00 AM
Raytheon Gallium Nitride Technology Validated For Space Applications "PR Newswire (US)" - 12/17/2014 8:00:00 AM
Raytheon, Bell conduct first missile launch from V-22 "PR Newswire (US)" - 12/16/2014 12:00:00 PM
For the love of science: New Raytheon grants help teachers raise the next generation of engineers "PR Newswire (US)" - 12/10/2014 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 12/9/2014 5:03:39 PM
US Marine Corps flies data link-equipped MALD-J® for first time "PR Newswire (US)" - 12/9/2014 8:00:00 AM
Raytheon named one of America's most community-minded companies by The Civic 50 "PR Newswire (US)" - 12/8/2014 8:30:00 AM
Raytheon AMRAAM® and NASAMS showcased in Thor's Hammer exercise "PR Newswire (US)" - 12/8/2014 8:00:00 AM
40,000 Javelin Missiles Delivered and Counting "PR Newswire (US)" - 12/2/2014 8:56:00 AM
Raytheon's new precision guided projectile hits the mark in recent testing "PR Newswire (US)" - 12/2/2014 8:00:00 AM
Raytheon establishes UK Cyber Innovation Centre "PR Newswire (US)" - 12/2/2014 3:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 12/1/2014 5:01:44 PM
Raytheon awarded contract to provide the State of Qatar with Advanced Integrated Air and Missile Defense (IAMD) Command and C... "PR Newswire (US)" - 12/1/2014 8:00:00 AM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) "Edgar (US Regulatory)" - 11/25/2014 5:23:36 PM
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
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 205 
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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