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Raytheon Stock Up, Will Pay

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Schedule 13g
(sc 13g/a) "Edgar (US Regulatory)" - 2/11/2016 2:27:50 PM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 2/10/2016 12:43:02 PM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 2/10/2016 10:30:11 AM
Raytheon performance, deliveries continue for Zumwalt "PR Newswire (US)" - 2/10/2016 8:00:00 AM
Raytheon to complete modernization of air traffic control system throughout the National Air Space "PR Newswire (US)" - 2/5/2016 9:22:00 AM
Raytheon partners with Totara Learning to offer flexible, innovative learning management technology and services "PR Newswire (US)" - 2/4/2016 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 2/3/2016 5:13:34 PM
Future drones, planes, missiles no match for new Raytheon radar "PR Newswire (US)" - 2/2/2016 8:00:00 AM
Defense Companies Feel Oil's Knock "Dow Jones News" - 1/28/2016 11:44:00 PM
Raytheon kill vehicle succeeds in developmental flight test "PR Newswire (US)" - 1/28/2016 8:11:00 PM
Defense Companies Feel Oil's Knock "Dow Jones News" - 1/28/2016 8:02:00 PM
Raytheon awarded $564 million contract for Joint Polar Satellite System instruments "PR Newswire (US)" - 1/28/2016 6:56:00 PM
Raytheon Posts Better-than-Expected Profit "Dow Jones News" - 1/28/2016 10:22:00 AM
Raytheon Posts Better-than-Expected Profit "Dow Jones News" - 1/28/2016 8:20:00 AM
Raytheon Posts Better-than-Expected Profit "Dow Jones News" - 1/28/2016 7:52:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/28/2016 7:01:57 AM
Raytheon Reports Solid Fourth Quarter and Full-Year 2015 Results "PR Newswire (US)" - 1/28/2016 6:55:00 AM
South Korea Warms to U.S. Missile Shield "Dow Jones News" - 1/28/2016 4:20:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/26/2016 5:04:26 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/22/2016 5:07:33 PM
NASA recognizes Raytheon for small business support "PR Newswire (US)" - 1/22/2016 8:00:00 AM
DARPA taps Raytheon to make infantry squads more adaptive, aware and effective "PR Newswire (US)" - 1/21/2016 12:17:00 PM
Award-winning Raytheon programs help inspire students in Colorado Springs "PR Newswire (US)" - 1/20/2016 10:08:00 PM
Raytheon's enhanced Coyote UAV flies into hurricanes for NOAA "PR Newswire (US)" - 1/20/2016 3:00:00 PM
Raytheon Company to release 2015 fourth quarter and full-year results on Jan. 28, 2016 "PR Newswire (US)" - 1/19/2016 8:00:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 236 
Raytheon Stock Up, Will Pay
New Quarterly Dividend
By SHIRLEY A. LAZO

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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frenchee

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