RTX Corporation (NYSE:RTX) to Issue Quarterly Dividend of $0.73

RTX Corporation (NYSE:RTX) announced a quarterly dividend on Friday, June 26th. Shareholders of record on Friday, August 14th will be given a dividend of 0.73 per share on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

RTX has decreased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. RTX has a dividend payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RTX to earn $7.76 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 37.6%.

RTX Stock Down 1.5%

Shares of NYSE RTX traded down $3.25 during trading on Wednesday, reaching $220.61. The company had a trading volume of 656,115 shares, compared to its average volume of 5,658,317. RTX has a 12-month low of $150.61 and a 12-month high of $226.88. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average is $197.37 and its 200 day moving average is $194.31. The stock has a market cap of $297.33 billion, a PE ratio of 38.84, a P/E/G ratio of 2.67 and a beta of 0.29.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. RTX’s quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts forecast that RTX will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RTX shares. Sanford C. Bernstein upped their target price on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Susquehanna raised their price target on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research report on Friday, July 24th. TD Cowen boosted their price objective on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Finally, Argus set a $245.00 target price on RTX in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.

RTX Company Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.