RTX Board of Directors Declares Quarterly Cash Dividend

Rhea-AI Summary

RTX (NYSE: RTX) has announced that its Board of Directors has declared a quarterly cash dividend of 63 cents per outstanding share of RTX common stock. The dividend is set to be paid on December 12, 2024, to shareholders of record at the close of business on November 15, 2024. This declaration continues RTX's long-standing tradition of paying cash dividends, which the company has maintained every year since 1936.

Positive

• Consistent dividend payment history since 1936
• Quarterly dividend of $0.63 per share declared

Negative

• None.

Insights

Financial Analyst

RTX's consistent dividend payment, maintained since 1936, demonstrates a strong commitment to shareholder returns and financial stability. The $0.63 per share quarterly dividend aligns with the company's previous payouts, indicating no change in dividend policy. This consistency is particularly noteworthy given the challenging macroeconomic environment and recent headwinds in the aerospace sector.

For investors, the dividend yield remains attractive, especially considering RTX's position as a major player in the defense and aerospace industries. The ex-dividend date, typically two business days before the record date of Nov. 15, is important for investors looking to capture this dividend. While the dividend announcement itself doesn't signal growth, it reinforces RTX's reputation as a reliable income stock in a volatile market.

Long-term investors should view this as a positive sign of the company's financial health and management's confidence in future cash flows. However, it's important to monitor RTX's payout ratio and free cash flow generation to ensure the sustainability of these dividends, particularly in light of ongoing industry challenges and potential defense budget fluctuations.

ARLINGTON, Va., Oct. 9, 2024 /PRNewswire/ -- RTX (NYSE: RTX) announced today that its Board of Directors declared a dividend of 63 cents per outstanding share of RTX common stock. The dividend will be payable on Dec. 12, 2024 to shareowners of record at the close of business on Nov. 15, 2024.

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 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

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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Investor Contact
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SOURCE RTX

FAQ

What is the amount of RTX's quarterly dividend for 2024?

RTX has declared a quarterly dividend of 63 cents per outstanding share of RTX common stock for 2024.

When will RTX pay its next dividend?

RTX will pay its next dividend on December 12, 2024, to shareholders of record as of November 15, 2024.

How long has RTX been paying dividends?

RTX has been paying cash dividends on its common stock every year since 1936, demonstrating a long history of consistent shareholder returns.

What is the record date for RTX's upcoming dividend?

The record date for RTX's upcoming dividend is November 15, 2024, at the close of business.