RTX Corporation (NYSE:RTX) Shareholders to Receive $0.73 Quarterly Dividend

RTX Corporation (NYSE:RTX) declared a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 20th will be given a dividend of $0.73 per share on Thursday, December 10th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th.

RTX has decreased its dividend payment by an average of 0.4% per year over the last three years and has raised its dividend every year for the last 5 years. RTX has a payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Analysts expect RTX to earn $8.00 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 36.5%.

RTX Trading Up 2.1%

NYSE RTX opened at $199.99 on Friday. The company has a market cap of $269.87 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 2.19 and a beta of 0.31. The business’s fifty day moving average is $195.06 and its 200 day moving average is $195.52. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. RTX has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. As a group, sell-side analysts expect that RTX will post 7.66 EPS for the current fiscal year.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.