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Raytheon Stock Up, Will Pay

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Raytheon systems support complex international ballistic missile defense exercise "PR Newswire (US)" - 10/17/2017 6:13:00 PM
Raytheon Company to release third quarter 2017 results on October 26, 2017 "PR Newswire (US)" - 10/17/2017 8:00:00 AM
Raytheon opens new engineering facility in Albuquerque "PR Newswire (US)" - 10/16/2017 1:30:00 PM
DigitalGlobe selects Raytheon as satellite imaging payload provider for WorldView Legion constellation "PR Newswire (US)" - 10/10/2017 8:00:00 AM
Raytheon offers Stryker-mounted Stinger missile for U.S. Army mobile air defense "PR Newswire (US)" - 10/9/2017 9:00:00 AM
Raytheon awards scholarships to Student Veterans of America members "PR Newswire (US)" - 10/9/2017 8:00:00 AM
Raytheon vice president Todd Ernst to lead Corporate Development "PR Newswire (US)" - 10/5/2017 1:30:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 10/4/2017 4:57:54 PM
Raytheon opens national apprenticeship centre in the UK "PR Newswire (US)" - 9/29/2017 5:00:00 AM
Raytheon opens national apprenticeship centre in the UK "PR Newswire (US)" - 9/29/2017 5:00:00 AM
Raytheon Company declares quarterly cash dividend "PR Newswire (US)" - 9/28/2017 4:05:00 PM
Raytheon Coyote UAVs help NOAA track, model Hurricane Maria "PR Newswire (US)" - 9/27/2017 8:00:00 AM
In cloud computing, more data loss on the horizon "PR Newswire (US)" - 9/26/2017 3:48:00 PM
Raytheon's Air & Missile Defense Radar tracks simultaneous missile targets for the first time "PR Newswire (US)" - 9/22/2017 9:00:00 AM
Boys & Girls Clubs of America and Raytheon to Open Four New STEM Centers of Innovation for Military Families "PR Newswire (US)" - 9/20/2017 9:00:00 AM
Raytheon BBN Technologies Chief Scientist Craig Partridge inducted into Internet Hall of Fame "PR Newswire (US)" - 9/19/2017 8:00:00 AM
Northrop's Deal Fuels Space Race -- WSJ "Dow Jones News" - 9/19/2017 3:02:00 AM
Northrop Grumman Move to Acquire Rocket Maker Reflects Military Space Race "Dow Jones News" - 9/18/2017 10:09:00 PM
Northrop Grumman Looks To Get Foothold in Military Space Race "Dow Jones News" - 9/18/2017 1:04:00 PM
Raytheon to support NOAA's weather forecasting toolkit critical to hurricane watches and warnings "PR Newswire (US)" - 9/15/2017 12:13:00 PM
Gulf nation selects Boomerang™ for shooter detection "PR Newswire (US)" - 9/14/2017 8:00:00 AM
Raytheon enhances Tomahawk cruise missile to hit moving targets at sea "PR Newswire (US)" - 9/12/2017 9:00:00 AM
Raytheon projector selected for new F-22 digital head-up display by BAE Systems "PR Newswire (US)" - 9/12/2017 5:00:00 AM
Raytheon partners with Ducommun to build Naval Strike Missile fire control systems "PR Newswire (US)" - 9/11/2017 8:00:00 AM
Raytheon appoints Christopher J. Davis president, Raytheon International Inc. "PR Newswire (US)" - 9/7/2017 12:00:00 PM
frenchee   Saturday, 03/29/08 11:23:32 AM
Re: OptionMonster post# 114
Post # of 251 
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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