NEW YORK ( TheStreet) -- The ex-dividend date for Raytheon Company (NYSE: RTN) is Monday, April 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $52.49 as of 9:30 a.m. ET, the dividend yield is 3.8%. The average volume for Raytheon has been 2.3 million shares per day over the past 30 days. Raytheon has a market cap of $17.2 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 9.3% year to date as of the close of trading on Thursday. 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 9.9, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Raytheon Ratings Report. See our dividend calendar or top-yielding stocks list.