Published March 18, 2015 6:50pm EDT | Updated May 21, 2015 1:25pm EDT

Raytheon Hikes Dividend Nearly 11%

Raytheon Co. said late Wednesday it is hiking its annual dividend by nearly 11% to $2.68 a share. The defense contractor said the quarterly dividend of 67 cents a share will be paid April 30 to shareholders of record as of April 1. Shares of Raytheon declined 1.6% to $108.88 on light volume in the extended session.