NEW YORK (

TheStreet

) -- The ex-dividend date for

Raytheon Company

(NYSE:

RTN

) is tomorrow, December 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $48.68 as of 9:30 a.m. ET, the dividend yield is 3.5%.

The average volume for Raytheon has been 2.6 million shares per day over the past 30 days. Raytheon has a market cap of $16.83 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 4.9% year to date as of the close of trading on Wednesday.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. The company has a P/E ratio of 9.6, below the average aerospace/defense industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Raytheon as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Raytheon Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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