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Raytheon : Dividend Coverage: This Defense Contractor Has Increased Dividend for the Past 12 Years; Will Trade Ex-Dividend on June 30, 2017

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06/29/2017 | 02:34pm CEST

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily takes a closer look at Raytheon Co. (NYSE: RTN) as the Company's stock will begin trading ex-dividend on June 30, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is by latest end of the trading session on June 29, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:


Today, PRO-TD covers ex-dividend news on RTN. Get our free coverage by signing up at:


Dividend Declared

On May 25, 2017, Raytheon announced that its Board of Directors has declared a quarterly cash dividend of $0.7975 per outstanding share of common stock. The cash dividend is payable on August 03, 2017, to shareholders of record as of the close of business on July 05, 2017.

Raytheon's indicated dividend represents a yield of 1.96%, which is higher compared to the average dividend yield of 1.62% for the industrial goods sector. The Company has increased its dividend consecutively for the past 12 years.

Dividend Insights

Raytheon has a dividend payout ratio of 42.6%, which reflects that the Company distributes approximately $0.43 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, or to add to its cash reserves.

According to analysts' estimates, Raytheon is expected to report earnings of $8.80 in the coming year, which again comfortably covers the Company's annualized dividend of $3.19.

As on April 02, 2017 Raytheon had cash and cash items worth $2.19 billion and its current assets totaled $10.52 billion, while current liabilities were $6.31 billion. The strong financial position would allow the Company to absorb any fluctuations in earnings and pay its dividend without interruption.

About the Company

Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government, and cybersecurity solutions. With a history of innovation spanning 95 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, Massachusetts.

Recent Development for Raytheon

On June 26, 2017, Raytheon and the US Army Apache Program Management Office, in collaboration with US Special Operations Command, recently completed a successful flight test of a high energy laser system onboard an Apache AH-64 at White Sands Missile Range, New Mexico. The demonstration marks the first time that a fully integrated laser system successfully engaged and fired at a target from a rotary-wing aircraft over a wide variety of flight regimes, altitudes and air speeds.

The test achieved all primary and secondary goals, providing solid experimental evidence for the feasibility of high resolution, multi-band targeting sensor performance and beam propagation supportive of High Energy Laser capability for the rotary-wing attack mission.

"Our goal is to pull the future forward," said Art Morrish, Vice President of Advanced Concept and Technologies for Raytheon Space and Airborne Systems, "This data collection shows we're on the right track. By combining combat proven sensors, like the MTS, with multiple laser technologies, we can bring this capability to the battlefield sooner rather than later."

Stock Performance

On Wednesday, June 28, 2017, the stock closed the trading session at $162.55, slightly climbing 0.86% from its previous closing price of $161.16. A total volume of 841.80 thousand shares have exchanged hands. Raytheon's stock price surged 6.99% in the last three months, 13.61% in the past six months, and 22.23% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 14.47%. The stock is trading at a PE ratio of 20.98 and has a dividend yield of 1.96%. At Wednesday's closing price, the stock's net capitalization stands at $48.03 billion.

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© Accesswire 2017
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Financials ($)
Sales 2017 25 197 M
EBIT 2017 3 348 M
Net income 2017 2 182 M
Debt 2017 1 847 M
Yield 2017 1,93%
P/E ratio 2017 21,73
P/E ratio 2018 19,22
EV / Sales 2017 1,95x
EV / Sales 2018 1,86x
Capitalization 47 314 M
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Raytheon Technical Analysis Chart | RTN | US7551115071 | 4-Traders
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Technical analysis trends RAYTHEON
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Technical analysis
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 173 $
Spread / Average Target 6,7%
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Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Mark E. Russell VP-Engineering, Technology & Mission Assurance
Michael C. Ruettgers Independent Director
William R. Spivey Independent Director
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