Seeking Alpha

Raytheon (RTN) announces a new $2B share repurchasement plan in addition to a quarterly $0.43...

Raytheon (RTN) announces a new $2B share repurchasement plan in addition to a quarterly $0.43 dividend, joining other defense companies getting a little defensive with capital spending and rewarding investors instead. The dividend yield for RTN is 4.4%.
Comments (1)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    This post would make sense if RTN had raised its dividend like LMT did yesterday. They didn't...43 cents per quarter has been the amount for the last 2 quarters as well. As far as I'm concerned, the share buyback just announces they have nothing better to do with the money. It has nothing to do with "rewarding investors" since the people selling their shares back to Raytheon won't be investors in the company anymore.
    23 Sep 2011, 07:42 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs