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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