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Friday, May 3, 2024

RTX Dividend Increase

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
5-year DGR:5.39%6.03%

projected, assuming no further changes

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