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Raytheon raises quarterly money dividend by 7% to 51 cents a share 


Protection contractor Raytheon Applied sciences Corp.
RTX,
+2.29%

mentioned Monday its board has agreed to boost its quarterly money dividend by 7% to 51 cents a share. The brand new dividend will likely be payable June 17 to shareholders of file as of Could 21. “The outlook for our firm is optimistic and we stay on monitor to return $18 to $20 billion to shareowners within the 4 years following the merger,” Chief Government Greg Hayes mentioned in an announcement, referring to the merger with the previous United Applied sciences Corp. that created Raytheon Applied sciences. Shares
have been up 0.3% premarket and have gained 12.6% within the 12 months thus far, whereas the S&P 500
SPX,
+1.09%

has gained 11.3%.



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