RTX · 10-Q · 2026Q2 · Full report
Capital Allocation
RTX Corp · 2026-07-23 · Importance 51 · Surprise 64 · From source text
Cash used in financing activities increased to $2.909 billion in the six months ended June 30, 2026 from $1.409 billion in the prior-year period, mainly because RTX did not receive the $1.4 billion of commercial-paper proceeds recorded in 2025. RTX had approximately $0.6 billion of remaining authorization under its October 21, 2023 common-stock repurchase program at June 30, 2026. The Board declared a $0.73-per-share dividend on April 30, 2026, paid June 11, and declared another $0.73-per-share dividend on June 26, payable September 3, 2026.
Key facts
- Dividends paid during the six months ended June 30, 2026: $1,898 million; during the six months ended June 30, 2025: $1,750 million. source
- A subsequent executive order may limit corporate distributions, share repurchases, and executive compensation incentives during periods of defense contractor underperformance and RTX is monitoring potential impacts including adverse effects on its stock price if limits apply. source
- At June 30, 2026, management had remaining authority to repurchase approximately $0.6 billion of RTX common stock under the October 21, 2023 share repurchase program. source
- On April 30, 2026, the Board declared a dividend of $0.73 per share payable June 11, 2026 to shareowners of record at the close of business on May 22, 2026. source
- On June 26, 2026, the Board declared a dividend of $0.73 per share payable September 3, 2026 to shareowners of record at the close of business on August 14, 2026. source
- Dividends declared per share of common stock: $1.460 for the quarter ended June 30, 2026 and $1.360 for the quarter ended June 30, 2025; $2.140 for the six months ended June 30, 2026 and $1.990 for the six months ended June 30, 2025. source
- Under the 2023 share repurchase program, shares may be purchased on the open market, in privately negotiated transactions, under accelerated share repurchase (ASR) programs, and under plans complying with Rules 10b5-1 and 10b-18. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.3% | At June 30, 2026, management had remaining authority to repurchase approximately $0.6 billion of RTX common stock under the October 21,… |
| cash | negative | realized | -0.1% | Dividends paid during the six months ended June 30, 2026: $1,898 million; during the six months ended June 30, 2025: $1,750 million. |
| cash | unclear | contingent | — | A subsequent executive order may limit corporate distributions, share repurchases, and executive compensation incentives during periods of… |
| cash | negative | realized | — | On April 30, 2026, the Board declared a dividend of $0.73 per share payable June 11, 2026 to shareowners of record at the close of… |
| liability | negative | committed | — | On June 26, 2026, the Board declared a dividend of $0.73 per share payable September 3, 2026 to shareowners of record at the close of… |
| cash | negative | committed | — | On June 26, 2026, the Board declared a dividend of $0.73 per share payable September 3, 2026 to shareowners of record at the close of… |