Raytheon [RTN] on Wednesday said it is increasing its annual stock dividend by 16 percent to $2 per share, or 50 cent per quarter, marking the eighth straight year the company has increased its dividend.
“The dividend increase reflects our confidence in the company’s future, and represents our continued dedication to a balance capital deployment strategy made possible by Raytheon’s strong financial position.”
The current quarterly dividend is 43 cents per share, or $1.72 annually.