WALTHAM, Mass., March 18, 2015 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Board of Directors has voted to increase the company's annual dividend payout rate by 10.7 percent, from $2.42 to $2.68 per share. The Board also authorized payment of a quarterly cash dividend of $0.67 per outstanding share of common stock, to be paid on April 30, 2015, to shareholders of record as of the close of business on April 1, 2015. Payment of quarterly dividends is subject to Board authorization.
"With today's announcement, we have increased our annual dividend for eleven consecutive years," said Thomas A. Kennedy, Raytheon Chairman and CEO. "The increase reflects our confidence in the company's financial outlook and our continued focus on creating value for shareholders."
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 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 cyber security and 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