Raytheon Keeps Dividend Steady
Defense contractor Raytheonannounced yesterday its third-quarter dividend of $0.55 per share, the same rate it's paid for the past two quarters after raising the payout 10% from $0.50 per share.
The board of directors said the quarterly dividend is payable on October 31 to holders of record at the close of business on October 2. The defense contractor has made payouts to investors since 1954.
The regular dividend payment equates to a $2.20-per-share annual dividend, yielding 3.2% based on the closing price today of Raytheon's stock.
The article Raytheon Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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