Raytheon (RTN) will raise its dividend by 9.3 percent to $0.7325 quarterly in 2016. This follows a 10.7 percent dividend hike in the previous year.

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.