Raytheon To Buy Back $2B Shares

Raytheon Co.has sanctioned the repurchase of an additional $2 billion of the company’s shares,The Wall Street Journalreports. 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, addsRTT News. Shareholders of record as on October 5 are eligible for the dividend, payable on November 3.

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