On Friday, May 1, 2026, the Board of Directors of RTX Corporation (NYSE: RTX) announced a quarterly dividend increase from $0.68 to $0.73 per share. The dividend will be payable on June 11, 2026, to shareholders of record as of May 22, 2026. This represents a 7.35% increase over the prior quarterly dividend.
Current Dividend Yield and Income Impact
At yesterday’s closing price of $176.07, this increase raises RTX’s forward dividend yield to approximately 1.66%.
As an owner of 60 shares of RTX Corporation, this dividend increase adds $8.94 to my projected annual net dividend income. I was expecting an increase of around 5%, so this came as a pleasant surprise that I’m happy to accept.
Long-Term Dividend Growth Track Record
RTX Corporation is a Dividend Champion with a 34-year streak of dividend increases. Its dividend growth rates are:
- 1-year: 7.9%
- 3-year: 7.3%
- 5-year: 7.4%
- 10-year: 5.4%
This recent dividend increase marks the sixth consecutive raise I’ve received since initiating my position in May 2020. Over that time, the quarterly dividend has grown from $0.475 to $0.73 per share—an increase of approximately 53.7%, reflecting solid and consistent growth.
At the time of writing, RTX represents about 1.05% of my portfolio and contributes approximately 0.46% of my projected annual dividend income. Following this increase, my yield on cost stands at 5.18%.
Quick Valuation Take
RTX appears reasonably valued at current levels. As a major player in the aerospace and defense industry, the company benefits from long-term government contracts and global defense spending trends.
Dividend Safety and Outlook
The dividend remains well supported by earnings and cash flow. RTX’s diversified business across commercial aerospace and defense provides stability, and the company appears well-positioned to continue mid-single-digit dividend growth going forward.
Final Thoughts
This was a strong dividend increase that exceeded my expectations. RTX continues to demonstrate reliable dividend growth, making it a solid contributor to my portfolio’s long-term income stream.
Summary of 2026 Dividend Increases / Cuts
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You can follow the development of my dividends here
Full Disclosure: Long RTX
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