Raytheon Technologies Board of Directors Increases Quarterly Dividend
Raytheon Technologies (NYSE: RTX) announced a dividend increase of 55 cents per share, reflecting a 7.8% rise from the previous quarter.
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Rhea-AI Summary
Raytheon Technologies (NYSE: RTX) announced a dividend increase of 55 cents per share, reflecting a 7.8% rise from the previous quarter. The dividend is payable on June 16, 2022 to shareholders of record as of May 20, 2022. This decision underscores the company's commitment to returning value to shareholders, aiming to distribute at least $20 billion in capital over four years post-merger. Raytheon has a strong history of dividend payments, having paid cash dividends annually since 1936.
Positive
- Dividend increased by 7.8% to 55 cents per share.
- Company aims to return at least $20 billion to shareholders in the next four years.
Negative
- None.
Details
News Market Reaction – RTX
The recorded move for RTX in the trading session of this news was -0.42%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WALTHAM, Mass., April 25, 2022 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors declared a dividend of 55 cents per outstanding share of RTX common stock, which represents an increase of 7.8 percent over the prior quarter's dividend amount. The dividend will be payable on June 16, 2022 to shareowners of record at the close of business on May 20, 2022.
"The increase in our dividend reflects our strong commitment to delivering value to our shareowners," said Raytheon Technologies Chairman and CEO Greg Hayes. "Today's announcement extends our long history of growing dividends, and we remain on track to return at least
Raytheon Technologies has paid cash dividends on its common stock every year since 1936.
About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.
Cautionary Statement Regarding Forward-Looking Statements
This release includes statements related to dividends that constitute "forward-looking statements" under the securities laws. All forward-looking statements involve risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Past dividends provide no assurance as to future dividends. The timing, payment and amount of future dividends, if any, could vary significantly from past dividends due to a number of risks and uncertainties. These factors include those described under the caption "Risk Factors" in our reports on Forms 10-K, 10-Q and 8-K filed with the SEC from time to time.
Media Contact
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Investor Contact
C: 781.522.5123
View original content:https://www.prnewswire.com/news-releases/raytheon-technologies-board-of-directors-increases-quarterly-dividend-301532267.html
SOURCE Raytheon Technologies
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