As per Raytheon Company (NYSE:RTN)’s news release on 2016-05-27, its shareholders will get cash dividend of $0.7325 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-06 and 2016-08-04, respectively.
The stock of Raytheon Company (NYSE:RTN) will commence trading ex-dividend from 2016-07-01, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Raytheon Company (NYSE:RTN) disbursed $2.072 in dividend compared to distribution of $1.815, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 44.0771%.
The past track record of five years substantiates that the average payout of Raytheon Company (NYSE:RTN) stands at $2.145, implying 18.3761% growth. The company recorded earnings of $1.65 a share in the preceding fiscal.
The interim price target for Raytheon Company (NYSE:RTN) is set at $141. This level is the mean price reached by averaging the stock views of 12 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $153 and the lowest level is established at 118. This broad range highlights a standard deviation of $10.33 in reported estimates.
AlphaOne has allotted A sentiment score of 0.246 to Raytheon Company (NYSE:RTN) while impact score assigned is 88 as on as on 2016-06-30.
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