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Raytheon Stock Up, Will Pay

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US Navy approves full-rate production for Raytheon AIM-9X Block II "PR Newswire (US)" - 9/3/2015 8:00:00 AM
Raytheon's Excalibur Ib Compatible with M198 howitzer "PR Newswire (US)" - 9/2/2015 5:20:00 PM
Raytheon expanding in Colorado Springs "PR Newswire (US)" - 9/2/2015 8:00:00 AM
Raytheon awarded $33 million sonar system contract "PR Newswire (US)" - 9/2/2015 8:00:00 AM
PCO of Poland, Raytheon sign Letter of Intent for surveillance, targeting systems project "PR Newswire (US)" - 9/2/2015 7:30:00 AM
Next Generation Jammer prototype powers through critical test "PR Newswire (US)" - 9/1/2015 10:00:00 AM
Raytheon and US Navy collaborate to optimize minehunting sonar "PR Newswire (US)" - 8/27/2015 8:00:00 AM
Raytheon to provide training services to U.S. Air Force "PR Newswire (US)" - 8/26/2015 9:05:00 AM
Raytheon air-to-air missile scores direct hit from U.S. Army ground launcher "PR Newswire (US)" - 8/26/2015 8:00:00 AM
NASA extends Raytheon contract for facilities that support human spaceflight "PR Newswire (US)" - 8/21/2015 12:00:00 PM
Raytheon's Excalibur Ib Compatible with M198 howitzer "PR Newswire (US)" - 8/21/2015 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/19/2015 5:15:23 PM
U.S. Special Operations Command Taps Raytheon for Mission Support "PR Newswire (US)" - 8/18/2015 8:00:00 AM
Raytheon and Boys & Girls Clubs of America establish 'Centers of Innovation' "PR Newswire (US)" - 8/18/2015 6:00:00 AM
Missile Defense Agency awards Raytheon study contract for Multi-Object Kill Vehicle concept "PR Newswire (US)" - 8/14/2015 2:00:00 PM
Patriot Air and Missile Defense celebrates 50 years of innovation "PR Newswire (US)" - 8/13/2015 12:00:00 PM
Raytheon Delivers Next-Generation SATCOM Radio for Certification Testing "PR Newswire (US)" - 8/12/2015 8:00:00 AM
Raytheon receives $52 million award to continue JPALS test and analysis program "PR Newswire (US)" - 8/12/2015 8:00:00 AM
Amended Current Report Filing (8-k/a) "Edgar (US Regulatory)" - 8/11/2015 5:03:01 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 8/10/2015 5:07:19 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/5/2015 4:41:55 PM
New software flies high as US Navy, Raytheon complete Tomahawk flight test "PR Newswire (US)" - 8/5/2015 8:00:00 AM
BAE Sees Interest for Type 26 Frigate in Canada, Australia, Germany "Dow Jones News" - 8/5/2015 7:52:29 AM
Missile Defense Agency, Raytheon demonstrate SM-6's new anti-ballistic missile defense capability "PR Newswire (US)" - 8/3/2015 11:59:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/30/2015 5:13:05 PM
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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