The consensus target price is $234, and the shares ended Wednesday’s trading at $229.41. Seeking Alpha Premium Dividend Score. Raytheon’s long history of paying dividends makes it one of the best dividend stocks around. Dividend cover is perhaps the most widely interpreted dividend health metric. does not maintain or provide information directly to this service. Sustainability is also vital and we’ll look at that soon. It comprises four businesses – Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. I call it a “stealth dividend cut”. Raytheon Technologies (RTX), formerly United Technologies, will start with a $0.475 quarterly dividend, down 35.4 percent from the last quarterly dividend paid by United Technologies prior to the merger with Raytheon. RTX's most recent quarterly dividend payment was made to shareholders of record on Thursday, December 17. Yes. The historical dividend information is provided by Mergent, a third party service, and Intrado Digital Media, LLC does not maintain or provide information directly to this service. During the Tuesday trading session, the Shares of Raytheon Technology (RTX) are up by 3%. A higher yield is generally better for buyers. Raytheon stock pays a dividend of $1.90. The fund bought 3,042 shares of the company’s stock, valued at approximately $218,000. If taking into account the separation of Otis Worldwide (OTIS) and Carrier Global (CARR) the dividend for all combined new companies may be unchanged. Review RTX (XNYS) dividend yield and history, to decide if RTX is the best investment for you. Total The year 2020 was definitely a turbulent one. Raytheon Technologies has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. Q3 2020 hedge fund letters, conferences and more. Legal Notices | Privacy only, and is not intended for trading purposes. Raytheon pays a dividend. Displayed data on this website is delayed and will not always be updated on a daily basis. This also makes the dividend yield a great indicator of value. Raytheon Technologies: A Dividend Champion. Defense budget cuts are hitting U.S. defense contractors' sales growth, but their dividends are still on target. The December screen was presented, and a new company made the cut. Raytheon Technologies pays an annual dividend of $1.90 per share, with a dividend yield of 2.66%. “The long-term fundamentals of our newly merged … The stock closed at $57.90 on yesterday, but now it trades near $59.50. Here are the 21 companies expected to cut their dividends: Noble Energy Inc. Royal Caribbean Cruises Ltd. Gap Inc. Harley-Davidson Inc. Helmerich & Payne Inc. Kohl’s Corp. PVH Corp. Raytheon … The new yield for RTX is 2.9% based on today's closing price of $65.07. Next, it merged with Raytheon to form Raytheon Technologies (RTX). The historical dividend information provided is for informational purposes Raytheon Technologies (RTX) has declared a quarterly dividend of 47.50 cents/share. Resource: Top-notch investment research. Raytheon wouldn’t be the first company to pull off a dividend reduction in this manner. This marked the eleventh consecutive annual dividend increase for annual dividends on the S&P 500 … Total dividends per year is based on the dividend ex-date. Raytheon Technologies' quarterly dividend demonstrates our confidence in our strong balance sheet, ample liquidity, and our ongoing commitment to delivering value to shareowners". A Dividend Aristocrat is a company in the S&P 500 that has paid and increased its base dividend every year for at least 25 consecutive years. dividends per year is based on the dividend ex-date. S&P 500 Dividend Payments Rose To A New Record In 2020. Dividend payments to investors in the S&P 500 rose to a new record in 2020, up 0.7% to $58.28 per share from the previous record set in 2019, according to research from S&P Global. WALTHAM, Mass., April 27, 2020 /PRNewswire/ — Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors has declared a dividend of 47.5 cents per outstanding share of RTX common stock. It was marked by lockdowns worldwide due to the Covid-19 pandemic, high unemployment and economic turbulence. The dividend will be payable on June 18, 2020, to shareowners of record at the close of business on May 15, 2020. The historic dividend cover is, of course, based on historic dividends and earnings. The historical dividend information is provided by Mergent, a third party service, and Intrado Digital Media, LLC does not maintain or provide information directly to this service. In the company's press release announcing the new quarterly dividend Raytheon Technologies CEO Greg Hayes stated: "The long-term fundamentals of our newly merged company are strong. The Merrill Lynch price objective is $265. Does Raytheon Technologies Pay A Dividend? However OTIS and CARR did not yet announce a dividend since both companies were spun-off from the former UTX. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. The historical dividend The historical dividend information provided is for informational purposes only, and is not intended for trading purposes. Shareholders in Raytheon receive a 1.64% dividend. A look at Restaurant (LON:RTN)’s dividend cover. View our latest analysis for Raytheon Technologies . This move came as the company announced that its board of directors was taking a voluntary pay cut of 20%. Dividends are typically paid from company earnings. See the Dividend dates for (RTN), Stock Dividend Yield, Ex-Dividend Dates, History and Payout Ratio The dividend cuts were from Amcor (AMCR) and Raytheon Technologies (RTX). ... Raytheon is proud to be an equal opportunity employer, MF/D/V. The company was formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses and is headquartered in Waltham, Massachusetts. The new Raytheon Technologies has said it expects to continue to pay its meaty dividend, which currently offers a 3% yield, in part thanks to the cash flow generated from the defense arm. In 2017, United Tech said it would suspend buybacks for three to four years after acquiring Rockwell Collins. We use cookies to improve our service, perform analytics, personalize advertising and remember website preferences. As a result, readers should always check whether Raytheon Technologies has been able to grow its dividends, or if the dividend might be cut. The dividend yield comes in at 2.1% and that’s below the 10-year average of 3%. The next dividend of 47.5 cents per share will be payable on June 18, 2020, to shareowners of record at the close of business on May 15, 2020. As a result, readers should always check whether Raytheon Technologies has been able to grow its dividends, or if the dividend might be cut. Horizon Therapeutics vs. Gilead Guru Focus ... For Gilead, its ROIC of 5.19% barely beats its WACC of 3.57%. RTX has paid cash dividends on its common stock every year since 1936. For more information on how we use cookies and how you can control them click "Settings" or visit our Cookie policy, BEN - Franklin Resources hikes dividend by 3.7%, ABT - Abbott Laboratories hikes dividend by 25%, BMY - Bristol-Myers Squibb hikes dividend by 8.9%, AFG - American Financial Group pays special dividend, CARR - Carrier Global hikes dividend by 50%, Raytheon Technologies cuts dividend by 35.4% following spin-offs, Look at the complete list of upcoming events. The dividend suspension was from Ross Stores (ROST), which had just joined the index at the beginning of 2020. By accessing this website, you agree not to redistribute the information found therein in any form without written consent. The company was formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses. From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. It is computed by dividing earnings per share divided by dividend per share (EPS/DPS) and, generally speaking, dividend cover of less than 1.5x earnings should be a flag for further investigation. There were 61 dividend increases, and only two dividend cuts and one dividend suspension. Find the latest dividend history for Raytheon Technologies Corporation Common Stock (RTX) at Nasdaq.com. Raytheon Technologies (RTX), formerly United Technologies, will start with a $0.475 quarterly dividend, down 35.4 percent from the last quarterly dividend paid by United Technologies prior to the merger with Raytheon. The rolling dividend cover is based on projected dividends and earnings. The Investor Relations website contains information about Raytheon's business for stockholders, potential investors, and financial analysts. information is provided by Mergent, a third party service, and Intrado Digital Media, LLC If taking into account the separation of Otis Worldwide (OTIS) and Carrier Global (CARR) the dividend for all combined new companies may be unchanged. The company cut its full-year earnings forecast to incorporate the potential impact of the Covid-19 pandemic. With that background in mind, let’s research all the facts and figures about the new Raytheon dividend. Other hedge funds have also recently modified their holdings […] The dividend will be payable on June 18, 2020, to shareowners of record at the close of business on May 15, 2020. If you continue to use this site, you consent to our use of cookies. Current Dividend Per Share Annualized: $1.90 Raytheon Technologies Corporation, formerly United Technologies Corporation, is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. Financial Advisory Corp UT ADV bought a new position in shares of Raytheon Technologies Co. (NYSE:RTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Restaurant's (LON:RTN) rolling dividend cover is 2.58, which is a strong pass. The usual rule of thumb is that dividend cover of less than 1.5x earnings can become a concern. WALTHAM, Mass., April 27, 2020 – Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors has declared a dividend of 47.5 cents per outstanding share of RTX common stock. Another company, United Technologies (UTX), had two spin-offs in 2020 - Carrier (CARR) and Otis (OTIS). Cautionary Statement Regarding Forward-Looking Statements related to the Raytheon and United Technologies merger. Copyright © 2021 Raytheon Company.All rights reserved. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Raytheon Technologies Corporation (RTX) Dividend summary: yield, payout, growth, announce date, ex-dividend date, payout date. Raytheon is proud to be an equal opportunity employer, MF/D/V. WALTHAM, Mass., April 27, 2020 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors has declared a … Three to four years after acquiring Rockwell Collins Wednesday ’ s research all facts... Wednesday ’ s trading at $ 229.41 buybacks for three to four years after acquiring Collins... New yield for RTX is 2.9 % based on the dividend has been paid 26! Comes in at 2.1 % and that ’ s stock, valued at approximately $ 218,000 | Privacy Raytheon proud. 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