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Raytheon hikes annual dividend

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Raytheon hikes annual dividend

Raytheon Co.'s board agreed to raise the company's annual dividend by 8.6% to $3.77 per share from $3.47 per share previously.

The company will pay its first quarterly cash dividend under the increased payout of 94.25 cents per share May 9 to shareholders of record at business close April 10.