RTX Corporation (RTX) to Issue Quarterly Dividend of $0.73 on September 3rd

RTX Corporation (NYSE:RTX) announced a quarterly dividend on Friday, June 26th. Shareholders of record on Friday, August 14th will be paid 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 is Friday, August 14th.

RTX has decreased its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. RTX has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. 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 1.6%

Shares of NYSE:RTX traded down $3.61 during midday trading on Wednesday, reaching $220.25. 824,195 shares of the company were exchanged, compared to its average volume of 5,659,479. The stock has a fifty day simple moving average of $197.37 and a two-hundred day simple moving average of $194.31. RTX has a fifty-two week low of $150.61 and a fifty-two week 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 firm has a market cap of $296.84 billion, a PE ratio of 38.80, a P/E/G ratio of 2.67 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RTX shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 price objective on shares of RTX in a research report on Monday, July 27th. Argus set a $245.00 price objective on RTX in a research note on Thursday, July 30th. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. Finally, Royal Bank Of Canada upped their price target on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus 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.