Raytheon (RTN) will raise its quarterly dividend by 10.7 percent to $0.67 per share in 2015. This follows 10 percent dividend hikes in the past two years by the defense company.

Raytheon Company develops products, services and solutions for defense and other government markets worldwide. The company's business segments are: Integrated Defense Systems, Intelligence, Information and Services, Missile Systems, Space and Airborne Systems and Forcepoint. Raytheon serves both domestic and international customers primarily as a prime contractor or subcontractor on defense and related programs for government customers. Raytheon was founded in 1922 and has raised its dividend every year since 2005.