On Friday,
May 2nd the Board of Directors of RTX Corporation (RTX) announced
a quarterly dividend increase of from $0.63 to $0.68 per share,
that’s payable June 12, 2025 to holders of record May 23, 2025..
This represents a 7.94% increase over the last quarterly dividend.
“Today’s dividend increase
reflects our confidence in executing on RTX’s robust backlog, the
long-term cash generation power of our company, and our continued
commitment to returning capital to shareowners,” said RTX
Chairman and CEO Chris Calio.
At the current price of $128.59 (today’s
open), this increase will raise RTX’s dividend yield to 2.12%.
RTX Corporation is a Dividend Champions
with a 32 year streak of dividend increases. Dividend growth rates
for 1, 3, 5 and 10 years are 4.5, 5.4, 5.5 and 5.9 (Dividend
Radar)
As an owner of 60 shares of RTX, the
recent dividend increase adds $8.94 to my projected annual net
dividend income.
I was expecting an increase of about
7%, so the announced raise was slightly above my expectations—and
I’m happy to accept it.
This recent dividend increase marks the
fifth consecutive raise I’ve received from RTX since I acquired my
first shares in May 2020. Over this period, RTX’s quarterly
dividend has grown in line with expectations from $0.475 to $0.68.
per share, reflecting a 43.2% increase.
The moment of writing, RTX’s weight
of my portfolio is about 0.99% and its share of future annual
dividend income is approximately 0.48%.
Following this increase, my yield on
cost is 4.82%.
Summary of 2025 Dividend Increases /
Cuts
Click here
to see my portfolio holdings.
You can follow the development of my
dividends here.
Full Disclosure: Long RTX
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