RTX Board of Directors Increases Quarterly Cash Dividend
Rhea-AI Summary
RTX (NYSE: RTX) has announced a 7.9% increase in its quarterly cash dividend to 68 cents per share, payable on June 12, 2025, to shareholders of record as of May 23, 2025. CEO Chris Calio attributed this increase to the company's strong execution of its robust backlog and long-term cash generation capabilities. Notably, RTX has maintained an impressive track record of paying cash dividends consistently since 1936, spanning over 89 years.
Positive
- Dividend increased by 7.9% to $0.68 per share
- Company reports robust backlog indicating strong future business pipeline
- Consistent dividend payment history since 1936 (89 years)
- Management expresses confidence in long-term cash generation capabilities
Negative
- None.
"Today's dividend increase reflects our confidence in executing on RTX's robust backlog, the long-term cash generation power of our company, and our continued commitment to returning capital to shareowners," said RTX Chairman and CEO Chris Calio.
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