Raytheon Technologies Board of Directors Increases Quarterly Dividend

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.

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 $20 billion of capital to shareowners in the four years following the merger."

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
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SOURCE Raytheon Technologies

FAQ

What is the new dividend amount for Raytheon Technologies (RTX)?

Raytheon Technologies announced a new dividend amount of 55 cents per share.

When will Raytheon Technologies pay its dividend?

The dividend will be payable on June 16, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is May 20, 2022.

How much capital does Raytheon Technologies plan to return to shareholders?

Raytheon Technologies plans to return at least $20 billion to shareholders over the next four years.

How long has Raytheon Technologies been paying dividends?

Raytheon Technologies has paid cash dividends every year since 1936.