Image Source: Pixabay
RTX (RTX) increased its quarterly dividend by 6.78%, from 59¢ to 63¢ per share.
The dividend will be paid on 13 June to shareholders of record on 17 May. The ex-dividend date is 16 May.
RTX's contribution to DivGro's projected annual dividend income will increase by $16 to $252.
I own 100 shares of RTX at an average cost basis of $62.36 per share. Following this increase, my yield on cost is 4.04%. (RTX's forward yield is 2.49% at $101.33 per share).
Since I opened my RTX position in April 2020, the stock has produced annualized total returns of 23%, including $712.80 in dividend income.
RTX became DivGro's 13th Home Run stock in February 2018, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $1.8502 | $1.8875 | $2.0050 | $2.1600 | $2.3200 | ⬆ | $2.4800✝ |
| 3.70% | 2.02% | 6.22% | 7.73% | 7.41% | ⬇ | 6.90% |
| 5-year DGR: | 5.39% | ⬆ | 6.03% |
✝projected, assuming no further changes
More By This Author:
Apple Dividend IncreaseAlphabet Initiates Dividend
The Travelers Companies, Inc. Dividend Increase
Comments
Log in or sign up to join the conversation.