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Raytheon Stock Up, Will Pay

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Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/15/2017 5:08:30 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 8/15/2017 5:08:01 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/15/2017 5:07:38 PM
U.S. Navy, Raytheon deliver 4,000th Tomahawk Block IV cruise missile "PR Newswire (US)" - 8/15/2017 11:30:00 AM
Raytheon's Air & Missile Defense Radar stacks up second ballistic missile test success "PR Newswire (US)" - 8/15/2017 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/14/2017 4:57:26 PM
Robert O. Work elected to Raytheon Board of Directors "PR Newswire (US)" - 8/14/2017 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/2/2017 5:24:39 PM
BAE Systems' New CEO Outlines Plan to Battle Tighter Competition--Update "Dow Jones News" - 8/2/2017 4:42:00 AM
Raytheon's 2theXtreme: MathAlive! exhibition comes to the Emerald Coast Science Center "PR Newswire (US)" - 8/1/2017 11:00:00 AM
Kurt Amend named Chief Executive of Raytheon Arabia "PR Newswire (US)" - 7/30/2017 7:00:00 AM
Ralph Acaba appointed Vice President Program Management Excellence "PR Newswire (US)" - 7/28/2017 12:28:00 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 7/27/2017 10:11:18 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/27/2017 7:03:33 AM
Raytheon Reports Strong Second Quarter 2017 Results "PR Newswire (US)" - 7/27/2017 6:55:00 AM
Raytheon enhances cyber threat hunting with CyberSponse automation tools "PR Newswire (US)" - 7/25/2017 10:23:00 AM
Trump Nominates Defense Industry Executive as Army Secretary "Dow Jones News" - 7/19/2017 9:53:00 PM
U.S. Navy fires first Tomahawk cruise missiles from new submarine payload tubes "PR Newswire (US)" - 7/18/2017 8:30:00 AM
Raytheon forecasting system updated for Atlantic hurricane season "PR Newswire (US)" - 7/18/2017 8:15:00 AM
Raytheon Company to release second quarter 2017 results on July 27, 2017 "PR Newswire (US)" - 7/18/2017 8:00:00 AM
Raytheon to provide first large scale deployment of foreign language translation software "PR Newswire (US)" - 6/26/2017 8:30:00 AM
First-ever helicopter-based firing of High Energy Laser "PR Newswire (US)" - 6/26/2017 8:00:00 AM
Raytheon named leader in NelsonHall 2017 Global Learning Business Process Services evaluation "PR Newswire (US)" - 6/22/2017 8:00:00 AM
Aviation Industry Seeks to Strengthen Cybersecurity Defenses -- Update "Dow Jones News" - 6/22/2017 3:49:00 AM
Aviation Industry Seeks to Strengthen Cybersecurity Defenses "Dow Jones News" - 6/22/2017 12:37:00 AM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 250 
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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