Defense giant to increase its dividend Raytheon Co. said it plans to increase its dividend and repurchase \$700 million in shares. The Waltham-based aerospace and defense giant increased its annual dividend 10 percent to 88 cents a share from 80 cents, starting with the first quarter of 2005. Raytheon said its board also authorized \$700 million in share repurchases, which it expects to complete over 18 ...