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Raytheon Stock Up, Will Pay

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Raytheon Company to release 2016 fourth quarter and full-year results on Jan. 26, 2017 "PR Newswire (US)" - 1/17/2017 8:00:00 AM
Raytheon completes factory qualification testing of next-generation GPS Launch and Checkout System "PR Newswire (US)" - 1/17/2017 8:00:00 AM
US Navy, Raytheon generate Tomahawk missile flight plans in real time to strike time-sensitive targets "PR Newswire (US)" - 1/11/2017 12:30:00 PM
Standard Missile-6 approved for international sales "PR Newswire (US)" - 1/10/2017 12:10:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/5/2017 5:27:52 PM
Patriot nation awards Raytheon more than $600m to upgrade missile defense system "PR Newswire (US)" - 12/29/2016 8:30:00 AM
Raytheon to offer U.S. Army lowest-risk, next-gen training "PR Newswire (US)" - 12/27/2016 9:42:00 AM
Raytheon to produce NSA-certified encryption devices with next-generation safeguards for tactical radios "PR Newswire (US)" - 12/21/2016 9:00:00 AM
Raytheon to demonstrate new tech for uninterrupted military communications in contested environments "PR Newswire (US)" - 12/21/2016 8:00:00 AM
Raytheon SM-6 intercepts ballistic missile target at sea "PR Newswire (US)" - 12/19/2016 12:46:00 PM
U.S. Air Force selects Raytheon F-16 mission computer "PR Newswire (US)" - 12/16/2016 8:00:00 AM
Human Rights Campaign names Raytheon a "Best Place to Work" for LGBT equality for 12th Straight Year "PR Newswire (US)" - 12/5/2016 3:30:00 PM
Raytheon, DARPA developing advanced tech to protect US power grid against cyber attack "PR Newswire (US)" - 12/5/2016 8:30:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 11/30/2016 5:21:50 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 11/30/2016 5:21:25 PM
Raytheon wins $225m contract for increased Patriot missile defense capability "PR Newswire (US)" - 11/28/2016 8:30:00 AM
Raytheon offers the only interoperable electronic warfare planning and management tool "PR Newswire (US)" - 11/28/2016 8:00:00 AM
Raytheon executives to speak at Credit Suisse 4th Annual Industrials Conference on Nov. 30 "PR Newswire (US)" - 11/21/2016 8:00:00 AM
CFIUS Again Objects to a China-Europe Deal "Dow Jones News" - 11/20/2016 8:50:00 PM
U.S. Moves to Block Chinese Takeover of German Tech Firm "Dow Jones News" - 11/20/2016 8:50:00 PM
Raytheon plans Southern Arizona expansion "PR Newswire (US)" - 11/18/2016 11:04:00 AM
Raytheon Company declares quarterly cash dividend "PR Newswire (US)" - 11/16/2016 4:05:00 PM
Correction to Boeing to Cut Defense Jobs Article "Dow Jones News" - 11/15/2016 8:26:00 PM
Boeing to Cut Defense Jobs -- Update "Dow Jones News" - 11/15/2016 8:18:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 11/15/2016 5:40:50 PM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 241 
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.


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