Raytheon Boosts Dividend, Buyback

The company cites its commitment to shareholder value.
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Raytheon (RTN) - Get Report boosted its dividend by 9% and set a $750 million stock buyback.

The company said it would boost its quarterly payout to 24 cents from 22 cents, payable May 9 to holders of record April 11. Share repurchases will take place from time to time at management's discretion, depending on market conditions.

"This once again demonstrates our strong financial performance and our commitment to increase shareholder value," said CEO William H. Swanson.

Late Thursday, Raytheon rose 21 cents to $45.72.