Defense contractor Raytheon Technologies Corp.
mentioned Monday its board has agreed to increase its quarterly cash dividend by 7% to 51 cents a share. The new dividend will likely be payable June 17 to shareholders of report as of May 21. “The outlook for our company is positive and we remain on track to return $18 to $20 billion to shareowners in the four years following the merger,” Chief Executive Greg Hayes mentioned in a assertion, referring to the merger with the previous United Technologies Corp. that created Raytheon Technologies. Shares
have been up 0.3% premarket and have gained 12.6% within the yr to date, whereas the S&P 500
has gained 11.3%.