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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
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