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Raytheon Stock Up, Will Pay

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Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/30/2015 5:13:05 PM
Raytheon Company appoints Wesley D. Kremer President, Integrated Defense Systems "PR Newswire (US)" - 7/30/2015 4:30:00 PM
Survey Finds Employee Negligence is Leading Cause of Insider Threats in the U.S. and Germany "PR Newswire (US)" - 7/30/2015 6:00:00 AM
Raytheon Installs First GPS OCX Hardware "PR Newswire (US)" - 7/29/2015 4:08:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/27/2015 5:03:24 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/24/2015 12:25:37 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 7/24/2015 12:25:10 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/24/2015 8:20:10 AM
Robert Beauchamp elected to Raytheon Board of Directors "PR Newswire (US)" - 7/24/2015 8:00:00 AM
Raytheon Company declares quarterly cash dividend "PR Newswire (US)" - 7/23/2015 5:00:00 PM
Raytheon Backs Cyberspace Push as Rivals Bail -- Update "Dow Jones News" - 7/23/2015 2:26:16 PM
Raytheon Boosts Sales Forecast "Dow Jones News" - 7/23/2015 10:30:21 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 7/23/2015 10:08:46 AM
Raytheon Boosts Sales Forecast "Dow Jones News" - 7/23/2015 9:54:49 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/23/2015 7:06:35 AM
Raytheon Reports Solid Second Quarter 2015 Results "PR Newswire (US)" - 7/23/2015 7:00:00 AM
Pre-Market Review on Aerospace/Defense Products and Services Equities -- Raytheon, General Dynamics, Spirit AeroSystems Holdi... "PR Newswire (US)" - 7/22/2015 9:18:00 AM
Raytheon, partners develop low-cost, high-tech airframe for U.S. Air Force decoy "PR Newswire (US)" - 7/21/2015 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/17/2015 1:00:03 PM
Raytheon Company to release second quarter 2015 results on July 23, 2015 "PR Newswire (US)" - 7/14/2015 8:00:00 AM
Independent Research Firm Cites Websense® as a Leader in SaaS Web Content Security "PR Newswire (US)" - 7/13/2015 8:26:00 AM
Raytheon a Finalist in DARPA Cyber Grand Challenge Competition to Develop Self-healing Cyber Technologies "PR Newswire (US)" - 7/13/2015 8:00:00 AM
Raytheon invests in Poland's premier technical universities "PR Newswire (US)" - 7/9/2015 11:30:00 AM
Raytheon delivers operational border security capability to Hashemite Kingdom of Jordan under DTRA contract "PR Newswire (US)" - 7/8/2015 8:00:00 AM
NASA awards Raytheon $240 million contract for earth science data system "PR Newswire (US)" - 7/6/2015 9:07:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 231 
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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