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Raytheon increases quarterly dividend


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Raytheon increases quarterly dividend

Raytheon Co.'s board of directors authorized a quarterly cash dividend of 86.75 cents per share.

The dividend will be payable May 10 to shareholders of record April 11.

The U.S. defense contractor has also increased its annual dividend payout rate to $3.47 per share from $3.19 per share, a rise of 8.8%.