RTX Board of Directors Declares Quarterly Cash Dividend
Rhea-AI Summary
RTX (NYSE: RTX) announced that its Board of Directors has declared a quarterly dividend of $0.63 per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of February 21, 2025. The company highlighted its long-standing tradition of paying cash dividends, which dates back to 1936, demonstrating nearly 90 years of consistent dividend payments to shareholders.
Positive
- Consistent dividend payment history since 1936 (89 years)
- Maintains quarterly dividend of $0.63 per share
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- None.
Insights
RTX's latest dividend declaration of
The company's remarkable 88-year streak of consecutive dividend payments since 1936 is particularly noteworthy, as it spans multiple economic cycles, wars and market downturns. This consistency has made RTX a cornerstone holding for income-focused institutional investors and pension funds seeking reliable dividend streams.
The maintained dividend level suggests management's confidence in RTX's future cash flow generation, particularly important given the company's position in both commercial aerospace and defense sectors. The dividend commitment demonstrates financial discipline and indicates that the board views the current payout as sustainable, even while maintaining investment in core business operations and technology development.
RTX has paid cash dividends on its common stock every year since 1936.
About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than
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.
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SOURCE RTX
FAQ
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