WALTHAM, Mass., March 21, 2018 /PRNewswire/ -- The Board of Directors of Raytheon Company (NYSE: RTN) has voted to increase the company's annual dividend payout rate by 8.8 percent, from $3.19 to $3.47 per share. The Board also authorized payment of a quarterly cash dividend of $0.8675 per outstanding share of common stock, to be paid on May 10, 2018, to shareholders of record as of the close of business on April 11, 2018. Payment of quarterly dividends is subject to Board authorization.
"With today's announcement, we have increased our annual dividend for 14 consecutive years," said Thomas A. Kennedy, Raytheon Chairman and CEO. "The dividend increase is a key part of our capital deployment strategy, and reflects our confidence in the company's growth outlook and our continued focus on creating value for shareholders."
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I™ products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.
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SOURCE Raytheon Company