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Raytheon Stock Up, Will Pay

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US Navy awards Raytheon $49.5 million enhanced Laser Maverick production contract "PR Newswire (US)" - 10/16/2014 8:00:00 AM
Raytheon honors the patriots of the U.S. Army with $20,000 in scholarships to student veterans "PR Newswire (US)" - 10/14/2014 4:00:00 PM
Raytheon directed to resume work on US Army's new electronic warfare planning management software program "PR Newswire (US)" - 10/14/2014 3:53:00 PM
Radar delivery boosts US' ballistic missile protection "PR Newswire (US)" - 10/14/2014 8:00:00 AM
Poland's PIT-RADWAR signs Letter of Intent with Raytheon "PR Newswire (US)" - 10/14/2014 3:00:00 AM
U.S. Army's missile-fighting radar-blimp achieves critical milestone "PR Newswire (US)" - 10/13/2014 8:00:00 AM
In the air, on the ground, on your wrist "PR Newswire (US)" - 10/8/2014 3:21:00 PM
Raytheon team saves U.S. Army $300 million on Warfighter FOCUS training program "PR Newswire (US)" - 10/8/2014 8:00:00 AM
Raytheon breaks ground for new warehouse near Farmington, N.M. "PR Newswire (US)" - 10/7/2014 2:00:00 PM
Raytheon awarded contract to build new U.S. Air Force radar "PR Newswire (US)" - 10/6/2014 5:19:00 PM
Raytheon delivering border security solutions to the Republic of Moldova "PR Newswire (US)" - 10/3/2014 8:00:00 AM
Latest Raytheon research on millennials finds rising interest in cybersecurity careers "PR Newswire (US)" - 10/1/2014 8:00:00 AM
Raytheon awarded $149 million contract by Rafael for Iron Dome interceptor components "PR Newswire (US)" - 9/30/2014 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/29/2014 5:05:09 PM
Poland's TELDAT and Raytheon Partner to Develop New Patriot Router "PR Newswire (US)" - 9/29/2014 3:00:00 AM
Raytheon awarded $251 million Tomahawk missile contract "PR Newswire (US)" - 9/26/2014 5:29:00 PM
Raytheon recognizes 27 'Math Heroes' "PR Newswire (US)" - 9/24/2014 3:21:00 PM
Raytheon survey reveals mobile device security is sacrificed for workforce efficiency "PR Newswire (US)" - 9/22/2014 8:00:00 AM
Germany's Jenoptik Defense & Civil Systems division signs cooperation agreement with Raytheon "PR Newswire (US)" - 9/22/2014 3:00:00 AM
Raytheon begins building critical components for AN/TPY-2 ballistic missile defense radar "PR Newswire (US)" - 9/18/2014 8:00:00 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
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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