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Raytheon Stock Up, Will Pay

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Raytheon recognized by Aviation Week for innovation in Gallium Nitride technology "PR Newswire (US)" - 3/5/2015 10:00:00 PM
Raytheon demonstrates advanced microgrid system and control capabilities "PR Newswire (US)" - 3/5/2015 8:00:00 AM
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Raytheon presents 3rd annual Air Traffic Controller of the Year award "PR Newswire (US)" - 3/3/2015 3:30:00 PM
Raytheon's "Blue Marble" imaging sensor delivered on schedule for JPSS-1 spacecraft integration "PR Newswire (US)" - 3/2/2015 8:00:00 AM
Raytheon awarded $35 million U.S. Air Force aircraft integration and life cycle technical support contract "PR Newswire (US)" - 2/26/2015 8:00:00 AM
Raytheon kicks off nation's largest collegiate cyber defense competition "PR Newswire (US)" - 2/25/2015 9:00:00 AM
Shoot For Higher Dividends With Raytheon "Seeking Alpha" - 2/25/2015 7:21:08 AM
/C O R R E C T I O N -- Raytheon Company/ "PR Newswire (US)" - 2/24/2015 6:27:00 AM
Raytheon, NIMR to integrate TALON laser guided rockets onto UAE ground vehicle "PR Newswire (US)" - 2/24/2015 5:03:00 AM
Raytheon and Boeing partner to provide command and control solution to Royal Saudi Air Force "PR Newswire (US)" - 2/24/2015 4:47:00 AM
Raytheon team tests new global capability to help improve U.S. Army readiness "PR Newswire (US)" - 2/23/2015 8:00:00 AM
Upgrades boost ballistic missile defense radar's performance during missile raid "PR Newswire (US)" - 2/22/2015 11:00:00 PM
Raytheon unveils extended range AMRAAM "PR Newswire (US)" - 2/22/2015 1:00:00 AM
Raytheon Missile Systems named Alabama Manufacturer of the Year "PR Newswire (US)" - 2/19/2015 3:00:00 PM
U.S. Government approves export of advanced technology in Patriot radar "PR Newswire (US)" - 2/19/2015 9:00:00 AM
Global Study: Cybersecurity Officers Believe Disconnect Prevents Company Leaders from Addressing Cyber Threats "PR Newswire (US)" - 2/19/2015 8:00:00 AM
Raytheon Celebrates Engineers Week with events across the U.S. "PR Newswire (US)" - 2/18/2015 8:00:00 AM
Judge Orders Raytheon, U.K. Government to Resettle Dispute "Dow Jones News" - 2/17/2015 12:14:07 PM
US Navy's P-8A Poseidon system enhancements add mission capabilities "PR Newswire (US)" - 2/17/2015 8:00:00 AM
Small Diameter Bomb II completes Live Fire Tests "PR Newswire (US)" - 2/16/2015 11:18:00 AM
Wajsgras named to Wash100 List "PR Newswire (US)" - 2/16/2015 8:00:00 AM
Schedule 13g
(sc 13g) "Edgar (US Regulatory)" - 2/12/2015 10:55:24 AM
Annual Report (10-k) "Edgar (US Regulatory)" - 2/11/2015 8:34:26 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 217 
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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