RTX (RTX) DIvidends Date & History

Key Takeaways

• Quarterly dividend of $0.73 per share translates to an annualized payout of roughly $2.92 per share.
• Dividend yield of about 1.5% is modest, positioning RTX as a dividend-growth play rather than a high-yield income stock.
• Payout ratio near 54% of earnings and about 30% of operating cash flow suggests the dividend is well covered and sustainable.
• Consistent quarterly increases in recent years, with the quarterly rate raised from $0.63 to $0.68 and then $0.73, reflect a commitment to steady growth.
• Backed by a strong backlog across commercial aerospace and defense, the company offers appeal to long-term, growth-oriented dividend investors.

Dividend Overview

RTX Corporation, the aerospace and defense giant behind Collins Aerospace, Pratt & Whitney, and Raytheon, pays a quarterly cash dividend. The most recent quarterly payment was $0.73 per share, bringing the trailing twelve-month total to approximately $2.92 per share. At recent share prices, this produces a dividend yield of roughly 1.5%.

That yield is modest by income-investing standards, which means RTX is better classified as a dividend growth stock than a high-yield stock. The company prioritizes gradually raising its payout while reinvesting heavily in research, development, and production capacity. Payments are made on a regular quarterly schedule, with a recent ex-dividend date of May 22, 2026, and a corresponding payment date of June 11, 2026.

Dividend History and Growth

RTX has a long tradition of returning cash to shareholders, inherited from its predecessor companies. In recent years the payout has advanced steadily: the quarterly dividend rose from $0.59 per share in 2024 to $0.63, then to $0.68, and most recently to $0.73 per share.

This translates to annual dividends per share of about $2.32 in 2023, $2.48 in 2024, and $2.67 in 2025, with further growth expected. The company has now delivered multiple consecutive years of dividend increases, underscoring a disciplined, long-term capital-allocation strategy. Importantly, RTX has maintained its dividend through periods of industry disruption, signaling management's commitment to a dependable payout even when earnings fluctuate.

Dividend Sustainability and Payout Ratio

RTX's dividend appears comfortably sustainable. The payout ratio is roughly 54% of trailing earnings, leaving ample room for reinvestment and future increases. Measured against cash flow, the picture is even stronger: the dividend consumes only about 30% of operating cash flow, a sign that payments are funded by genuine business performance rather than borrowing.

The company's free cash flow is supported by a massive multi-year backlog in both commercial aviation and defense, providing revenue visibility. While RTX carries meaningful debt, its investment-grade credit profile and strong cash generation give it the flexibility to fund the dividend, buy back shares, and invest in growth simultaneously. Analysts generally view the payout as well protected against earnings variability.

Dividend Compared to Industry Peers

Within aerospace and defense, RTX's yield sits in the middle of the pack. LMT (Lockheed Martin) typically offers a higher yield around 2.5%, while GD (General Dynamics) and NOC (Northrop Grumman) land in a similar low-to-mid single-digit range. HON (Honeywell) also pays a comparable yield. Notably, BA (Boeing) suspended its dividend entirely, making RTX's dependable payout stand out within the sector.

In short, RTX offers a below-average yield for the group but pairs it with a solid growth trajectory and a relatively low cash-flow payout, giving it an attractive risk-adjusted profile for investors who value consistency over maximum current income.

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Is This Stock Attractive for Dividend Investors?

RTX is likely most suitable for long-term, dividend-growth-oriented investors rather than those seeking high current income. Its roughly 1.5% yield is modest, but its combination of a rising payout, a conservative cash-flow payout ratio, and exposure to durable aerospace and defense demand supports the potential for continued increases over time.

Investors who prioritize income stability and modest growth may find RTX appealing, particularly those who already hold higher-yielding positions and want diversification through a dividend payer with strong free cash flow. The stock is less suited to investors who need substantial immediate income, since the yield is below the broader market's highest-yielding names. Likewise, more conservative investors should note the company's exposure to cyclical commercial-aviation demand and defense-budget cycles. Overall, RTX presents a balanced profile for patient, growth-minded dividend investors comfortable with a lower starting yield in exchange for long-term payout expansion.

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