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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
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Friday, July 18, 2008
U.S. Army Selects Raytheon's Excalibur as a Best Invention of 2007
Comtex
TUCSON, Ariz., July 18, 2008, 2008 /PRNewswire via COMTEX/ ----Raytheon Company's (NYSE: RTN) Excalibur precision-guided artillery projectile received a Top 10 Army Greatest Inventions of the Year Award for 2007.
"This award proves our innovative products change the face of battle," said Jim Riley, vice president of Raytheon's Land Combat product line. "Using the Excalibur projectile means the soldier is more effective and collateral damage is kept to an absolute minimum. Excalibur will provide organic precision with discrimination to the soldiers of every Heavy, Stryker and Future Combat Systems brigade combat team."
Excalibur is a 155 mm artillery projectile guided by a GPS/Inertial Navigation System. It gives soldiers an artillery round with precision guidance and extended range.
"These inventions have an impact every day on the lives of the men and women in harm's way," said Gen. Benjamin S. Griffin, commanding general, U.S. Army Materiel Command. "When you talk to units in the field, they know about them. They use them."
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact: Heather Uberuaga 520.665.5594 uberuaga@raytheon.com
SOURCE Raytheon Company
http://www.raytheon.com/
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Monday, 07-14-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-22-2008 for RTN @ $62.51. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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