WALTHAM, Mass., March 20, 2013 /PRNewswire/ -- Raytheon Company's (RTN) Board of Directors has voted to increase the company's annual dividend payout rate by 10 percent, from $2.00 to $2.20 per share. The Board also authorized payment of a quarterly cash dividend of $0.55 per outstanding share of common stock, to be paid on May 2, 2013, to shareholders of record as of the close of business on April 3, 2013. Payment of quarterly dividends is subject to Board authorization.
"We are pleased to announce Raytheon's ninth consecutive annual dividend increase," said William H. Swanson, Raytheon's Chairman and CEO. "This increase represents continued confidence in the company's financial position and outlook as well as our dedication to a balanced capital deployment strategy."
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
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SOURCE Raytheon Company