The ex-dividend date for Raytheon Company (NYSE:RTN) is Monday, July 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 $66.50 as of 9:31 a.m., the dividend yield is 3.3%.
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, July 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 $66.50 as of 9:31 a.m. ET, the dividend yield is 3.3%. The average volume for Raytheon has been 1.7 million shares per day over the past 30 days. Raytheon has a market cap of $21.4 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 15.4% 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 11.6, 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations 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. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..