WALTHAM, Mass., March 19, 2014 /PRNewswire/ -- Raytheon
Company's (NYSE: RTN) Board of Directors has voted to increase the
company's annual dividend payout rate by 10 percent, from
$2.20 to $2.42 per share. The Board also authorized
payment of a quarterly cash dividend of $0.605 per outstanding share of common stock, to
be paid on May 1, 2014, to
shareholders of record as of the close of business on April 2, 2014. Payment of quarterly dividends is
subject to Board authorization.
"Based on Raytheon's strong financial position and outlook, we
have raised our annual dividend for the tenth consecutive year,"
said William H. Swanson, Raytheon's
Chairman and CEO. "The increase reflects our continued confidence
in the company's performance and our balanced capital deployment
strategy."
About Raytheon
Raytheon Company, with 2013 sales of
$24 billion and 63,000 employees
worldwide, is a technology and innovation leader specializing in
defense, security and civil markets throughout the world. With a
history of innovation spanning 92 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.
Investor Relations Contact
Todd Ernst
+1.781.522.5141
Media Contact
Pam
Erickson
+1.781.522.5822
SOURCE Raytheon Company