The ex-dividend date for Raytheon Company (NYSE:RTN) is Monday, April 1, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $58.54 as of 9:36 a.m., the dividend yield is 3.8%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Raytheon Company (NYSE: RTN) is Monday, April 1, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $58.54 as of 9:36 a.m. ET, the dividend yield is 3.8%. The average volume for Raytheon has been 2.2 million shares per day over the past 30 days. Raytheon has a market cap of $18.87 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 1.5% 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 10.2, below the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, solid stock price performance, 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 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. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.