Raytheon Company declares quarterly cash dividend and increases share repurchase authorization by $2.0 billion

Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.55 per outstanding share of common stock. The cash dividend is payable on Feb. 6, 2014, to shareholders of record as of the close of business on Jan. 2, 2014.

The Board of Directors also authorized the repurchase of up to an additional $2.0 billion of the company’s outstanding common stock. Share repurchases may take place from time to time at the company’s discretion depending on market conditions.

Source / Author: Raytheon