Even With Big Gains, I'm Still Convinced RTX Is One Of The Best Dividend Stocks On The Market

Summary

  • RTX Corp. (formerly Raytheon Technologies) has seen a big increase in its stock price and has become a core holding in family portfolios.
  • The company reported strong quarterly earnings, with organic sales growth of 12% and a record backlog of more than $200 billion.
  • RTX benefits from government contracts and is investing in R&D to stay competitive, with a focus on next-generation technologies and products.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT® on Alpha. Learn More »
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Introduction

It's time to do one of my favorite things - discuss RTX Corporation (NYSE:RTX).

While I'm writing this, the company, formerly known as Raytheon Technologies, is my fifth-largest dividend (growth) investment and one of the most important holdings across all family portfolios.

This article was written by

42.73K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RTX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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