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Updated · MarketWatch · Apr 30RTX raises quarterly dividend 7.4% to 73 cents a share
6 articles · Updated · MarketWatch · Apr 30
- The Arlington, Virginia, aerospace and defence company said the board approved the increase from 68 cents, lifting the annual payout to $2.92 a share.
- Based on Thursday's closing price of $176.06, the new dividend implies an annual yield of about 1.7%.
- The dividend will be paid on 11 June to shareholders on record at the close of business on 22 May.
With a $7B engine recall looming, is RTX's dividend hike a sign of confidence or a risky gamble on its future? Amid a defense boom, can RTX satisfy shareholder demands while meeting urgent government calls for more production?