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Raytheon Increases Dividend Again

Cal Biesecker By
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Raytheon Increases Dividend Again
Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Wednesday said its board approved an increase to the company’s annual dividend, marking the 12th straight year for increasing the shareholder payment.The 9 percent hike puts the new dividend at $2.93 per share versus the prior $2.68. The new quarterly dividend is a tad over 73 cents per share with the first payment on May 12.Thomas Kennedy, Raytheon’s chairman and CEO, said in a statement the dividend increase is a key part of the company's balanced capital…

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