RTX Dividend Increase

Image Source: PixabayRTX (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 13^th Home Run stock in February 2018, when the stock doubled my original capital outlay.5-Year History of Dividend Payouts by Ex-Date

^?projected, assuming no further changesMore By This Author:Apple Dividend IncreaseAlphabet Initiates DividendThe Travelers Companies, Inc. Dividend Increase