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Raytheon Stock Up, Will Pay

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Raytheon developing first of its kind automated assessment system for 21st century wargame scenarios "PR Newswire (US)" - 2/16/2017 9:00:00 AM
Annual Report (10-k) "Edgar (US Regulatory)" - 2/15/2017 9:09:17 AM
U.S., allies invest $202 million in Patriot Integrated Air and Missile Defense System "PR Newswire (US)" - 2/13/2017 8:30:00 AM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 2/10/2017 2:48:09 PM
Harold Rosen Launched an Era of Global Satellite Communications "Dow Jones News" - 2/10/2017 10:29:00 AM
Raytheon, Utilidata to deliver defense-grade cybersecurity for utilities "PR Newswire (US)" - 2/8/2017 12:00:00 PM
Next-gen Standard Missile-3 completes first intercept test "PR Newswire (US)" - 2/4/2017 2:56:00 PM
Exporters Tout Benefits of Republicans' 'Border Adjustment' Proposal--Update "Dow Jones News" - 2/2/2017 6:02:00 PM
Exporters Tout Benefits of Republicans' 'Border Adjustment' Proposal "Dow Jones News" - 2/2/2017 6:29:00 AM
Raytheon, USAF developing new signal processor for AMRAAM "PR Newswire (US)" - 1/31/2017 1:45:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/30/2017 5:11:36 PM
Raytheon executives to speak at Cowen and Company 38th Annual Aerospace/Defense & Industrials Conference on Feb. 8 "PR Newswire (US)" - 1/30/2017 8:00:00 AM
Raytheon Drops Out of Air Force Jet Contest; Northrop Unsure "Dow Jones News" - 1/26/2017 5:34:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/26/2017 7:00:10 AM
Raytheon Reports Strong Fourth Quarter and Full-Year 2016 Results "PR Newswire (US)" - 1/26/2017 6:55:00 AM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 1/25/2017 5:30:51 PM
Raytheon/Leonardo team withdraws from T-X competition "PR Newswire (US)" - 1/25/2017 1:08:00 PM
Raytheon completes factory acceptance testing of flight operations system for NASA's James Webb Space Telescope "PR Newswire (US)" - 1/25/2017 8:57:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/24/2017 5:07:36 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/24/2017 5:07:09 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 1/24/2017 5:05:50 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/23/2017 5:04:42 PM
U. S. Navy awards Raytheon $235 million for Standard Missile-6 production "PR Newswire (US)" - 1/23/2017 10:00:00 AM
Raytheon and Center for Cyber Safety and Education expand cybersecurity scholarships for women "PR Newswire (US)" - 1/23/2017 9:00:00 AM
James A. "Sandy" Winnefeld, Jr. elected to Raytheon Board of Directors "PR Newswire (US)" - 1/18/2017 4:05:00 PM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 242 
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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