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Raytheon Stock Up, Will Pay

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Raytheon begins full rate production on TALON Laser Guided Rockets for the UAE "PR Newswire (US)" - 9/15/2014 3:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/12/2014 4:34:57 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/12/2014 4:34:34 PM
Raytheon receives $109 million contract for Patriot Air and Missile Defense System "PR Newswire (US)" - 9/10/2014 8:00:00 AM
Tomahawk enhancements showcased in back-to-back flight tests "PR Newswire (US)" - 9/9/2014 8:00:00 AM
Small Diameter Bomb II glides toward Milestone C "PR Newswire (US)" - 9/4/2014 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/28/2014 5:40:37 PM
Raytheon AI3 missile intercepts first cruise missile target "PR Newswire (US)" - 8/28/2014 8:00:00 AM
Raytheon delivers first Block 2 Rolling Airframe Missiles to US Navy "PR Newswire (US)" - 8/27/2014 4:00:00 PM
Call for Entries: Raytheon-Engineering is Elementary® teacher scholarships bring engineering to life in the classroom "PR Newswire (US)" - 8/27/2014 8:00:00 AM
U.S. Air Force tests Raytheon's upgraded High-Speed Anti-Radiation Missile "PR Newswire (US)" - 8/22/2014 8:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/18/2014 9:10:21 AM
Raytheon Receives Arbitration Award relating to the eBorders Program "PR Newswire (US)" - 8/18/2014 9:00:00 AM
Raytheon and UMass Lowell establish institute to inspire technology innovations and knowledge sharing "PR Newswire (US)" - 8/12/2014 8:00:00 AM
Raytheon to Showcase Broad Cyber Product Portfolio at Black Hat 2014 "PR Newswire (US)" - 8/4/2014 8:00:00 AM
Raytheon fires four TALON Laser-Guided Rockets from MD 530G helicopter "PR Newswire (US)" - 7/31/2014 8:00:00 AM
Royal Australian Air Force scores direct hit with JSOW C "PR Newswire (US)" - 7/30/2014 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/29/2014 5:07:12 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 7/29/2014 5:02:57 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/29/2014 4:58:42 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/29/2014 4:28:42 PM
Tracy A. Atkinson elected to Raytheon Board of Directors "PR Newswire (US)" - 7/29/2014 4:24:00 PM
Javelin Joint Venture Demonstrates Vehicle-Mounted Missile Launch "PR Newswire (US)" - 7/29/2014 9:30:00 AM
The U.S. Army, GM and Raytheon partner on advanced training initiative for soldiers returning to civilian life "PR Newswire (US)" - 7/29/2014 9:30:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 195 
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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