Raytheon To Buy Back $2B Shares

Raytheon Co. has sanctioned the repurchase of an additional $2 billion of the company’s shares.

Raytheon Co. has sanctioned the repurchase of an additional $2 billion of the company’s shares, The Wall Street Journal reports. Some 353.6 million shares of the company went unsold in July. Additionally, the company board has declared a quarterly cash dividend of $0.43 per share of common stock, adds RTT News. Shareholders of record as on October 5 are eligible for the dividend, payable on November 3.

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